President Ilham Aliyev: Compensation process has begun, and I’m sure it will finish soon

12:00 - 1.05.2019


May 1, Fineko/abc.az. In the course of Cabinet’s meeting President Ilham Aliyev touched upon the questions relating to problem loans.
The head of state said: "An important matter was related to problem loans. 

This question has been resolved at the high level in Azerbaijan. Few years ago the oil-exporting countries faced serious problems, as oil prices fell sharply by about 4 times. The national currency fell in these countries. In 2016-17, the steps were taken to ensure economic and macroeconomic stability in the country. Despite the fact that inflation was at the high level in those years, we were able to stabilize the situation and thereby create a basis for development," the head of state stressed.

He noted that everything possible is being done for the well-being of the citizens of Azerbaijan.
"Thus, the question that bothered hundred of thousands of people has also been successfully resolved. That is, the process of compensation has begun, and I’m sure it will be completed in a short time," the country’s leader said.

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