Program on Azerbaijan’s industrialisation developed jointly with Korean specialists
The Azerbaijani Industry and Energy Ministry has developed a state program for the country's industrialisation, Azerbaijani Industry and Energy Minister Natig Aliyev told journalists on Friday.
"We regularly present our proposals to develop certain industrial areas," he said. "Moreover, the ministry together with South Korean specialists developed a broad program for Azerbaijan's industrialisation. This document has been prepared."
He said the document based on South Korea's experience, has the priorities for the development of industry and the measures to be taken for this purpose.
Production in the Azerbaijani non-oil sector increased by 7.8 per cent in 2012, but dropped by 4.2 per cent in the oil sector.
The total industrial production volume (produced goods and rendered industrial services) last year amounted to 33.929 billion manat, which is 2.3 per cent less than in 2011.
The industrial production volume reduced by 2.5 per cent in the private sector reaching 81 per cent of the total industrial production compared to 2011. Some 91.8 per cent fell to industrial goods with 8.2 per cent to industrial services.
The official exchange rate is 0.7846 AZN/USD on April 5.
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