Azerbaijan's current economic indicators are highly positive, reflecting the country's sustained development and fiscal stability, President Ilham Aliyev stated.
According to the Operative Information Center-OMM, President Ilham Aliyev made these remarks during his address at the official opening ceremony of the 31st Baku Energy Forum.
Emphasizing that the country's ratings by leading international agencies have been improving year by year, the head of state noted that Azerbaijan has successfully achieved an investment-grade credit rating. President Ilham Aliyev further highlighted that poverty and unemployment rates have been reduced to approximately 5 percent. Additionally, he underscored the government's fiscal discipline, stating, "We have managed to significantly reduce our foreign debt."
The Baku Energy Forum is a premier international event that brings together global energy leaders, policymakers, and industry experts. Since its inception, the forum has served as a critical platform for discussing energy security, the transition to green energy, and the development of major regional infrastructure projects, such as the Southern Gas Corridor, which plays a vital role in European energy diversification.
