Baku hosts conference entitled “Economic reforms: the achieved results and recommendations”

Baku, May 30, AZERTAC Conference on “Economic reforms: the achieved results and recommendations” has kicked off in Baku. The event has been organized jointly by the Center for Analysis of Economic Reforms &Communications (IITKM) and American Chamber of Commerce in Azerbaijan (AmCham). Opening the event, IITKM executive director Vusal Gasimly told that dialogue and cooperation of public-private sector created favorable opportunities for strengthening the role of the private sector in ensuring sustainable economic growth. At his words, “the strategic road maps on national economy and main sectors of the economy” shows the directional of reforms in Azerbaijan under the leadership of President Ilham Aliyev. Non-oil exports rose 22 percent in the first 4 months, the exchange has achieved successful results with regard to stability”. In his remarks, Nuran Kerimov, president of AmCham, said that Azerbaijan hosts systematic events on the development of entrepreneurship and improvement of business climate. He also stressed that, AmCham is closely involved in and contributes to the ongoing economic reforms in the country. Speaking at the event, Azerbaijan’s First Deputy Prime Minister Yagub Eyyubov highlighted the ensuring macroeconomic stability, in particular, the stability of manat and manageable levels of inflation, as well as economic growth rate in non-oil sector and increasing of export volume, due to the complex economic reforms carried out by the President of Azerbaijan Ilham Aliyev.