Ilham Aliyev meets World Bank's Vice President for Europe and Central Asia

Ilham Aliyev meets World Bank's Vice President for Europe and Central Asia

Azerbaijani President Ilham Aliyev has met in Baku with the World Bank's newly-appointed Vice President for Europe and Central Asia, Cyril Muller.

The head of state emphasized the necessity of reducing the economy`s dependence on oil, noting that the non-oil sector now accounts for 70% of the Gross Domestic Product.

Ilham Aliyev said that the energy sector accounts for 90% of exports, linking this to the fact that the non-oil sector output was targeted at the domestic market. 

The President stressed that export-oriented production would be a priority at the next stage.

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