TODAY.AZ / Business

Ilham Aliyev: “Economic growth in Azerbaijan to reach highest figure in CIS in 2005”

15 June 2005 [08:51] - TODAY.AZ
The economic growth in Azerbaijan will reach 18% in 2005 – the highest figure in CIS, Azerbaijani President Ilham Aliyev stated in his address to the St-Petersburg International Economic Forum which opened on Tuesday.
He noted that the foreign capital investments in the Azerbaijani economy made up approximately $24bn, or again the highest figure in the region.

According to Aliyev, Russian companies take an active part in the investment activities. At present 400 Russian companies function on permanent basis in the Azerbaijani market.

"It meets our interests and provides serious base comprehensive development of the relationships,” Aliyev assured.


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