President: Azerbaijan did much work to diversify its economy despite financial crisis

Azerbaijan, Baku, Jan. 28 / Trend / President of Azerbaijan Ilham Aliyev has attended The Future of Eurasia session as part of the 42nd World Economic Forum annual meeting in Davos. The WEF Annual Meeting brings together over 2,500 delegates from more than 100 countries, chief executives of the world's leading global businesses, representing the Forum's 1,000 Member companies, politicians from the G20 and other key countries, representatives from civil society stakeholder groups, media leaders representing the top news organizations from around the world, young global leaders, social entrepreneurs, technology pioneers and spiritual and cultural leaders. The WEF annual meeting discussed political and economic problems, problems caused by the global development. President Ilham Aliyev addressed the session. The Head of State spoke about Azerbaijan`s historical development, history of statehood based on democratic traditions, adding the first democratic republic in the East was established in Azerbaijan. President Ilham Aliyev pointed out the country regained its independence in late 20th century. He touched upon the progress archived in the economic and political fields, political stability and other matters. He noted energy-rich Azerbaijan plays an important role in ensuring European energy security and uses its location to contribute to regional cooperation. The Head of State noted the country places a particular emphasis on development of the non-oil sector as well. The Azerbaijani leader lingered around development of information and communication technologies, industrialization. Despite the financial crisis, Azerbaijan did much work to diversify its economy. President Aliyev said the country faces serious challenges to develop all spheres. He expressed hope the nation would gain new successes in this direction. The session was also addressed by Ukrainian President Viktor Yanukovych and President of Russian VTB bank Andrey Kostin. Do you have any feedback? Contact our journalist at agency@trend.az