Azerbaijani President chairs conference under State Program for Development of Regions - UPDATE - PHOTOS

Azerbaijani President Ilham Aliyev has said the country`s oil accounts for 30% or 40 % of energy resources of some European countries.

Speaking to a conference on results of the fourth year of implementation of the “State Program on socio-economic development of Azerbaijan’s regions in 2009-2013”, the Head of State noted: “Azerbaijan-initiated transport and energy projects ensure not only the region’s interests, but also the interests of the entire European continent.”

“Azerbaijan ensures energy security of some European countries with its oil resources, and we have already become an invaluable energy partner.”

“The TANAP project, which is also our initiative, will ensure the transportation of Azerbaijan’s gas to various countries, and we will be an irreplaceable partner in settling energy security issues in the field of gas too,” the President added.

*****
12.02.2013
23:12

President Ilham Aliyev has today chaired a conference on results of the 4th year of implementation of the “State Program for socio-economic development of the regions of the Republic of Azerbaijan in 2009-2013” at the Baku Business Center.

The Head of State first viewed an exhibition at the center reflecting what was done in the country`s regions under the 2003-2012 program.

The President was informed that Azerbaijan`s Gross Domestic Product grew three-fold in 2003-2012, including 2.4-fold in the non-oil sector, while average monthly wage increased 5.1-fold. The Head of State was also told that the country`s currency reserves grew 28.8-fold during this period to reach $46 billion.
President Ilham Aliyev made a speech at the event.




/AzerTAc/

12:05