The Center for Analysis of Economic Reforms and Communication launched public discussions

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  • The Center for Analysis of Economic Reforms and Communication of the Republic of Azerbaijan (CACEC) started to organize and conduct in leading universities of the country public discussions on successful economic reforms implemented in the country. In this regard, Vusal Gasimli, Executive Director of CAERC provided the first lecture at the Azerbaijan State Economic University (UNEC).

    First, Professor Adalat Muradov, rector of the Azerbaijan State Economic University (UNEC), welcomed the teaching staff and students, highlighting measures underway in the country in response to serious global challenges. Oil no longer fulfills the function economic growth factor. The modern economy dictates the formation and introduction of new growth mechanisms, which are reflected in the Strategic Road maps signed by President Ilham Aliyev. "The goal of our economic university is to justify the ongoing economic reforms in the country, as well as to expand the scope of researches that

    positively influences and ensures economic growth. We try to create at the University the most favorable conditions to leverage the existing potential."

    Further, V.Gasymly provided a lecture, where he stressed the difficulties arisen due to external shocks, which the country managed to overcome through the implementation of comprehensive economic reforms under the leadership of the President of the Republic of Azerbaijan Ilham Aliyev. In the first 9 months of this year, 2.5 % growth was recorded in the country’s non-oil sector, 3.1% in the non-oil industry and 2.8% in the agriculture. Foreign trade turnover increased by 7 percent, and the volume of export of non-oil products reached US Dollars 1.07 billion: "According to the forecasts of the International Monetary Fund, despite the expected slowdown in the oil sector in Azerbaijan in the next year, in general, the economy is expected to grow by 2 percent. So, the growth of the non-oil sector is expected to be over world average economic growth rate. The ongoing economic reforms, industrial, agrarian and technological parks created promise a real boom in the non-oil sector of the country in 2018. Commercial banks have already started to strengthen their participation in financing the real sector. Significant support for economic development will also be provided within the state investment program, and, therefore, 2018 be a year for accelerated development of the non-oil sector."

    At the end, V.Gasymli answered the questions of the faculty and students of the UNEC. Organization of such public debates was valued due to their contribution to the formation of the synthesis of "education-science-reform".

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