GDP decline recorded – Economy minister explained on damage caused to Azerbaijani economy


August 7, Fineko/abc.az. A meeting, held these days at the Ministry of Economy of Azerbaijan, was attended by more than 280 entrepreneurs whose activities were affected by the pandemic.

The meeting participants discussed the matters of business activities in the new environment, rules of conduct in the field of production and services, and ways to eliminate the negative consequences of the pandemic for the private sector.

Economy Minister Jabbarov noted that in the 1st half of 2020, GDP declined while reducing in most sectors of the economy. Boosting economic activity in the non-oil sector to prevent threats to the economy, project financing and incentives to protect jobs, investment lending, private investment incentives, construction and other incentives are among the main goals.