Azerbaijan's strategic foreign currency reserves exceeded $73 billion, indicating economic stability in the country, First Deputy Minister of Economy Elnur Aliyev said at the conference "Constitution and Sovereignty - Development of Entrepreneurship in Azerbaijan," Report informs.
He noted that this indicator also creates an attractive environment for domestic and foreign investors.
Aliyev noted that the share of the private sector in GDP is 83%, and in employment - more than 78%. Over the past five years, the volume of production in the non-oil and gas sector has increased by 26%, and the added value in the non-oil and gas industry has increased by 1.5 times, he added.
"In January-March of this year, industrial enterprises and individual entrepreneurs working in this sector produced industrial products worth 15.8 billion manats ($9.2 billion). In the non-oil and gas sector, production increased by 3.5%," Elnur Aliyev said.
The deputy minister also emphasized the importance of expanding public-private partnerships and announced the launch of a seawater desalination project.
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