Economy Minister Mikayil Jabbarov: Nonoil sector to grow by 8.8% next year

15:25 - 5.11.2019


November 5, Fineko/abc.az. Substantial growth is expected next year not only in the oil & gas industry, but also in the nonoil sector.

As a result of the all-round measures taken in 2020, the nonoil sector is projected to grow by 8.8%.

The statement was made by Economy Minister Mikayil Jabbarov during the discussion of the Bill on State Budget 2020 at Milli Majlis on 5 November.

The minister points noted that for realization of the forecasts for the next year, it is important to improve the business environment, suspend inspections in the sphere of entrepreneurship and continue other actions. As a result of the work done, the nonoil sector has been growing from year to year. This trend is expected to continue in the coming years.

 

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