Azerbaijan's economy depends not only on energy sector: president - UPDATE

Oct. 30
15:28

The president met with Ismayilli residents as part of his trip.

“Azerbaijan’s economy grew at the highest pace over the last 5-6 years. We are also very pleased with economic indicators of this region. This indicates that Azerbaijan’s economy is fully developed and depends not only on the energy sector. Otherwise, economies of country’s regions would not develop at fast pace,” the president said addressing the public representatives.

“The government renders financial support and loans to develop private sector. It also provides subsidies to boost entrepreneurship and agriculture,” the president added.

“Agriculture, industry and economy is constantly growing in Azerbaijan. Azerbaijan’s economic growth totals 6 percent while economies decline 10 or 20 percent due to the crisis in other countries,” he said.

“Some attribute economic growth in Azerbaijan to country’s oil production. However, oil is produced in other countries as well in larger volumes,” he said.

“Economies in these countries are in recession whereas Azerbaijan’s economy demonstrates growth. What is the reason? The right policy and expedient economic reforms,” the president noted.

“All opportunities in Azerbaijan have been mobilized. Country’s potential is being analyzed, necessary decisions are adopted. Huge investments are being spent which enlivens country's economy,” the president said.

09:52

President Ilham Aliyev visited Ivanovka village as part of his Ismayilli trip.

The Head of State and his spouse Mehriban Aliyeva visited a monument to the nationwide leader in the Heydar Aliyev Street.

They viewed a photo stand reflecting nationwide leader Heydar Aliyev`s and President Ilham Aliyev`s visits to Ivanovka.

The President was informed that land improvement work started here in 2008.

President Ilham Aliyev and his spouse also chatted with local residents.

The President ended his Ismayilli visit.

Oct. 29
18:56

President Ilham Aliyev has today inspected construction of a 5-star Javanshir Gala hotel complex here.

The complex will include an 11-storied 180-room hotel featuring a 500-seat conference hall, two restaurants, swimming pools and a gym.

The complex will also have several cottages, 3- and 4-storied recreation centers, an open air theatre and golf pitch.

President Ilham Aliyev viewed a model of the complex.

17:58

President of Azerbaijan Ilham Aliyev has today attended here the inauguration of the Olympic Sports Complex.

Local residents warlmy greeted and cheered the President and his spouse Mehriban Aliyeva.
After cutting the ribbon symbolizing the Complex`s opening, the President toured the facility.

The construction of the two-storied Complex started in 2007 and it covers 7.5 hectares of area. The Complex was equippped with necessary equipments.

President Ilham Aliyev viewed performances of sportsmen in the Complex`s sport hall.

Then, President Ilham Aliyev chatted with local residents and congratulated them on the opening of the facility.

17:12

President of Azerbaijan Ilham Aliyev and his spouse Mehriban Aliyeva familiarized themselves with the park after renowned ophthalmologist, academician Zarifa Aliyeva.

The President was told that all favorable conditions were created in the park for residents to have rest.

The Head of State praised the work done in the park.

Then, President Ilham Aliyev viewed the exhibition of handicrafts made by master craftsmen.

The President also viewed dances by folklore groups of Lahij, Molla Isagli and Ivanovka villages.

15:47

President of Azerbaijan Ilham Aliyev has inspected today here the reconstruction works done in the culture and rest park after Heydar Aliyev.

President Ilham Aliyev was told that the park was named after Heydar Aliyev in 1998 on the occasion of the national leader`s 75th birthday.

The 9-hectare park got about 6 thousand trees and flower bushes brought from Germany, Italy and Turkey.

Here, the Head of State and his spouse familiarized themselves with the children`s creative work center.

They also toured the “Japan garden” which was built for the first time in Azerbaijan in Ismayilli.

Japanese ambassador Masamitsu Oki informed the President and First Lady on the garden and sakura trees planted here.

Then, President Ilham Aliyev and his spouse got acquainted with the Museum of History and Ethnography.

The Head of State also familiarized himself with the club of sports and entertainment and other facilities in the Park.

14:11

President of Azerbaijan Ilham Aliyev and First Lady Mehriban Aliyeva have attended today here the ceremony of inauguration of the Heydar Aliyev Center.

After cutting the ribbon symbolizing the Center`s opening, the President and his spouse toured the facility.

President Ilham Aliyev was told the construction of the Center started in 2007 and completed in 2008.

The 2-storey facility covers 730 square meters.

The Head of State signed the Center`s Guest Book.

13:28

President of Azerbaijan Ilham Aliyev has arrived Thursday in the country`s Ismayilli region.

Here, the President and his spouse Mehriban Aliyeva visited monument erected to national leader Heydar Aliyev and put flowers at it.

/AzerTaj/