The far-sighted leadership of President Ilham Aliyev contributes to the growth of the economy and the improvement of the quality of life in Azerbaijan

On April 12, 2022, President Ilham Aliyev chaired a meeting dedicated to the results of the first quarter of 2022. At the meeting, the head of state noted that in the first quarter, Azerbaijan’s GDP increased by 6.8 percent, the positive balance of foreign trade turnover over three months exceeded $5 billion, and during the year it was possible to reduce external debt by more than $600 million, the information Internet portal reports. day.az with a link to Trend.az.

According to American analyst Irina Zuckerman, the far-sighted leadership of President Ilham Aliyev contributes to the growth of the economy and the improvement of the quality of life in the country.

Speaking about the factors behind the economic growth of Azerbaijan, she noted that after the liberation of the occupied 20 percent of the country’s territory, efforts to clear the territories from mines and reconstruction stimulate economic activity.

In addition, according to the expert, in the context of the energy crisis in Europe, Azerbaijan, as an important energy supplier, plays an important role in the region and benefits from rising oil and gas prices.

In turn, American expert Peter Theis noted that leadership in the implementation of large infrastructure projects is Azerbaijan’s strengths. He stressed that the Azerbaijani economy has achieved impressive results thanks to the first-class work of the Azerbaijani government, and the fight against corruption in the country has been very successful. Azerbaijan will continue to expand its presence in international markets, and the further development of the national economy will certainly further enhance the well-being of Azerbaijani citizens.

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