Economy - ECONOMY - AZERBAIJAN - TOURISM IN AZERBAIJAN

In 1970-1980s, the complex development of the industry, agriculture, infrastructural objects formed the basis for the economical and social growth. In the years of 1990-1993, the decay took place in Azerbaijan. The breaking economical links, the collapse of proportions in area and balanced development between Republics were the objective reasons of this period.
At the end of 1991, after restoration of its independence, Azerbaijan passed through a very difficult way. The country met with Armenia’s direct aggression, transportation blockade, came across with the deep internal-political crisis, danger of civil war, efforts for coup d'etat, plundering and devastating people wealth.
   In the years of 1992-1993, the measures not conforming reality, carried out to overcome the social tension increased the inflation and in the reason of uncounted money policy there were occurred serious problems in financial-bank and foreign commercial activities. In the result of such situation the economy and people’s life standards fell into unbearable decay.
In 1993, coming to the power in Azerbaijan with the request of public, Heydar Aliyev prepared a new development model of Azerbaijan economy. At the end of 1994, it could be possible to provide relative social-political stability in the result of his titanic efforts and his wise internal and foreign policy. Moreover, this eliminated real danger for political and economical security of the country and helped to carry out urgent, large-scale social-economic reforms.
   In the years of 1993-1995, the necessity of reforms, their main directions, world integration of the leading fields and the initial legal base for development and its organizing problems in the world globalization system solved. In 1996, home production increased for 1,3 % in comparing with the year of 1995 and since the same year the economic growth speed is rising year by year. In the result of the privatization and land reforms, suitable conditions for the development of private economic sectors part of non-state sectors in total home production reached from 29 % in 1994 to 68 % in 2000, also in industry 44 % (2,1 %), in agriculture 98 % (57 %), in investment 52 % (39 %), passenger transport 85,6 % (14,3 %), in trade 98 % (83%) in education 20 % , in health 38 %, in communal field 79 %.
    In case of foreign investment was not involved to Azerbaijan economy until 1993, but in the years of 1994-2000, 5.5 billion dollars foreign investment put. 3.3 billion dollars (60%) of that directed to oil sector, 2.2 billion for infrastructure and other fields of economy. In the years of 1995-2000, real income of people increased in 2.52 times, and the salaries in 13.8 times.
Azerbaijan entered a new century with reliable basis providing faster economical development. In XXI century, involving the fuel - power engineering of Azerbaijan economy, agriculture and related industrial complex with it, transit and unused regional labour and economic resources of country to economical circulation accepted as a strategic purpose.
The national leader of our republic, H.Aliyev in his 35 years in power led the works in the agriculture and paid great care for the development of agrarian food industry. Thanks to all these in the years of 1995-2004 plant growing and Cattle breeding production increased. In the last 5 years, the area of planting fields enlarged 255.1 ha. The agriculture in Azerbaijan began to develop faster. In 2003, growth speed contained 5.6%. This tradition is still underway. In recent 5 years, real growth of agricultural productions will increase to 10-15 % average.
    Continuing the development strategy defined by H.Aliyev the President of the Azerbaijan Republic Ilham Aliyev issued and ratified the decree of "State Program for the social-economic development of regions of Azerbaijan Republic” (2004-2008) on February 11, 2004. The activities in this direction defined by this program and it was deemed to form the suitable conditions to arrange processing enterprise for agricultural produces and their support by state. The execution of this program has formed a ground in order to raise financial welfare and social basis of people.
    Economic potential and intellectual level, social basis formed by H.Aliyev, are being continued and developed by the president I.Aliyev. The measures to increase economical and social development (24 November 2003), the state program on regional social-economical development (2004-2008) and the other documents signed by President I.Aliyev have the historical importance. The issues to provide the social -economic development of people within market economy were put before. In the result of successful reforms led by Mr.H.Aliyev small and middle ownership had been developed, in the years of 1996-2002, total internal produces, real income per capita increased, progresses in industry, agriculture, building, transport, communication, trade, social and service fields took place. Due to the diligence of the President I.Aliyev, the most part of total internal produces (75-80 %) allocated to a private sector. Consequently, the weight of local produces in internal markets rose, and participation of the Republic in foreign markets more enlarged. Azerbaijan has become a state playing an important role in Caspian and Caucasus region.
   As the result of wise policy carried out by national leader Heydar Aliyev the oil strategy has been prepared. Moreover, it influenced positively the chemical industry.

In 1970-1980s, the complex development of the industry, agriculture, infrastructural objects formed the basis for the economical and social growth. In the years of 1990-1993, the decay took place in Azerbaijan. The breaking economical links, the collapse of proportions in area and balanced development between Republics were the objective reasons of this period. At the end of 1991, after restoration of its independence, Azerbaijan passed through a very difficult way. The country met with Armenia’s direct aggression, transportation blockade, came across with the deep internal-political crisis, danger of civil war, efforts for coup d'etat, plundering and devastating people wealth. In the years of 1992-1993, the measures not conforming reality, carried out to overcome the social tension increased the inflation and in the reason of uncounted money policy there were occurred serious problems in financial-bank and foreign commercial activities. In the result of such situation the economy and people’s life standards fell into unbearable decay. In 1993, coming to the power in Azerbaijan with the request of public, Heydar Aliyev prepared a new development model of Azerbaijan economy. At the end of 1994, it could be possible to provide relative social-political stability in the result of his titanic efforts and his wise internal and foreign policy. Moreover, this eliminated real danger for political and economical security of the country and helped to carry out urgent, large-scale social-economic reforms. In the years of 1993-1995, the necessity of reforms, their main directions, world integration of the leading fields and the initial legal base for development and its organizing problems in the world globalization system solved. In 1996, home production increased for 1,3 % in comparing with the year of 1995 and since the same year the economic growth speed is rising year by year. In the result of the privatization and land reforms, suitable conditions for the development of private economic sectors part of non-state sectors in total home production reached from 29 % in 1994 to 68 % in 2000, also in industry 44 % (2,1 %), in agriculture 98 % (57 %), in investment 52 % (39 %), passenger transport 85,6 % (14,3 %), in trade 98 % (83%) in education 20 % , in health 38 %, in communal field 79 %. In case of foreign investment was not involved to Azerbaijan economy until 1993, but in the years of 1994-2000, 5.5 billion dollars foreign investment put. 3.3 billion dollars (60%) of that directed to oil sector, 2.2 billion for infrastructure and other fields of economy. In the years of 1995-2000, real income of people increased in 2.52 times, and the salaries in 13.8 times. Azerbaijan entered a new century with reliable basis providing faster economical development. In XXI century, involving the fuel - power engineering of Azerbaijan economy, agriculture and related industrial complex with it, transit and unused regional labour and economic resources of country to economical circulation accepted as a strategic purpose. The national leader of our republic, H.Aliyev in his 35 years in power led the works in the agriculture and paid great care for the development of agrarian food industry. Thanks to all these in the years of 1995-2004 plant growing and Cattle breeding production increased. In the last 5 years, the area of planting fields enlarged 255.1 ha. The agriculture in Azerbaijan began to develop faster. In 2003, growth speed contained 5.6%. This tradition is still underway. In recent 5 years, real growth of agricultural productions will increase to 10-15 % average. Continuing the development strategy defined by H.Aliyev the President of the Azerbaijan Republic Ilham Aliyev issued and ratified the decree of "State Program for the social-economic development of regions of Azerbaijan Republic” (2004-2008) on February 11, 2004. The activities in this direction defined by this program and it was deemed to form the suitable conditions to arrange processing enterprise for agricultural produces and their support by state. The execution of this program has formed a ground in order to raise financial welfare and social basis of people. Economic potential and intellectual level, social basis formed by H.Aliyev, are being continued and developed by the president I.Aliyev. The measures to increase economical and social development (24 November 2003), the state program on regional social-economical development (2004-2008) and the other documents signed by President I.Aliyev have the historical importance. The issues to provide the social -economic development of people within market economy were put before. In the result of successful reforms led by Mr.H.Aliyev small and middle ownership had been developed, in the years of 1996-2002, total internal produces, real income per capita increased, progresses in industry, agriculture, building, transport, communication, trade, social and service fields took place. Due to the diligence of the President I.Aliyev, the most part of total internal produces (75-80 %) allocated to a private sector. Consequently, the weight of local produces in internal markets rose, and participation of the Republic in foreign markets more enlarged. Azerbaijan has become a state playing an important role in Caspian and Caucasus region. As the result of wise policy carried out by national leader Heydar Aliyev the oil strategy has been prepared. Moreover, it influenced positively the chemical industry.
Category: ECONOMY \| Added by: shamsi_84 (07.05.2011)
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