Ministry of Economy of the Republic of Azerbaijan
INSTITUTE for SCIENTIFIC RESEARCH on ECONOMIC REFORMS
IMPLEMENTATION of STRATEGIC ROAD MAPS on NATIONAL ECONOMY
In order to ensure the competitiveness, inclusiveness and social welfare of the economy on the basis of sustainable economic development in Azerbaijan, with the aim of promoting investment, free competition environment, access to markets and human capital, the “Strategic Road Maps for National Economy and Main Economic Sectors” adopted by the Decree No.1138 signed by the President of the Azerbaijan Republic Mr. Ilham Aliyev on December 06, 2016.
This document identifies the way of development of the 11 sectors of the economy:
development of oil-gas industry (including chemical products)
production and processing of agricultural products
production of consumer goods at small and medium-sized entrepreneurship level
development of heavy industry and machinery
development of specialized tourism industry
development of logistics and trade
development of affordable housing
development of vocational education and training
development of financial services
development of telecommunication and information technologies
development of utility services (electricity and thermal energy, water and gas)
The strategic road maps from the point of view of the national economy cover three periods;
short term (by 2020), medium term (until 2025) and long-term after 2025.
Tasks to be performed during above-mentioned period as follows:
Get out of the situation caused because of negative consequence of external shocks: by stabilization, diversification and integration into world economy, increasing competitiveness
Decreasing of poverty by the way of the creation of new jobs, housing supply, education and health services, communal services and crossing from the system of targeted social assistance into rehabilitation;
The fundamental basis of the economic development – the protection of macroeconomic stability, the improvement of business environment, the promotion of investment in private sector and creation of public support sector;
The goal of increasing of foreign direct investments (FDI) in the share of non-oil GDP up to 4 percent by 2025 (at the moment, it is 2.627 percent);
By 2025, to increase GDP per capita from $170 in 2015, up to $450, the creation of additional 150 thousand new jobs, in trade of goods and services, for example, in the sectors of production and tourism sectors;
The reduction of transfers from the Oil Fund to budget in 15 percent over the period;
A number of analytic works have done in the Institute for Scientific Research on Economic Reforms (ISRER) under the Ministry of Economy of the Republic of Azerbaijan, as well as the relevant Working Groups leaded at the ISRER, in line with the implementation of the above-mentioned Decree of the President of the Republic of Azerbaijan, and Order No. 41, dated 7 March 2017 signed by the Economy Minister of Azerbaijan.
The results of the researches, as well as materials of awareness events conducted in ISRER, in line with above-mentioned tasks are presented to interested people through the official website of ISRER.
«Study SMEs need in the labor market» (*.PDF) (Available only in Azeri)
«Investment promotion document: the most important points” (*.PDF) (Available only in Azeri)
© To be referred to www.ier.az, when used.