Azerbaijani President: Wide range of measures will be taken to rehabilitate banking sector

Baku. 10 January. REPORT.AZ/ President of Azerbaijan Ilham Aliyev, at the meeting of Cabinet of Ministers chaired by him, dedicated to summary of social and economic development in 2016 and future objectives, stressed the importance of macroeconomic stability and keeping single-digit inflation in 2017. Report informs, referring to AZERTAC.

President told that wide range of measures will be taken to rehabilitate banking sector this year. I.Aliyev talked on importance of establishing industry parks, increasing agricultural production, especially grain, cotton, tea, cocoon and wine, establishing fruit plantations that can bring currency, development of cattle-breeding, and stressed importance of finding markets for produced goods.

Instructing the government on development of infrastructure in the country, expansion of gas distributing network, construction of rural roads, execution of drinking water projects, the head of state noted that additional measures aimed at expanding military potential will be taken. He also noted that he will pay attention to ecological measures, stimulation of tourist flow into country, expansion of ASAN Service’s coverage area and functions, completion of first phase construction of Baku International Sea Trade Port in Alat.