Moldovan News Portal Highlights Azerbaijan’s Economic Independence

Baku: The leading Moldovan news portal 'Noi.md' has published an article highlighting key points from Azerbaijani President Ilham Aliyev's interview with local TV channels. The article, published in Romanian and Russian, featured President Ilham Aliyev's remarks on the economic situation in Azerbaijan.

According to Azerbaijan State News Agency, President Aliyev expressed satisfaction with Azerbaijan's current economic status, declaring the country absolutely economically independent and free from external support or loans. He revealed that the government had achieved the goal of reducing foreign debt, which now stands at a historically low level of over six percent of GDP. Azerbaijan has ceased borrowing and ended active relationships with international financial institutions.

President Aliyev mentioned the successful implementation of two investment programs, one traditional and another focused on Garabagh and East Zangezur. Additionally, efforts are underway to stabilize and potentially increase oil production, along with boosting natural gas production to further invigorate the economy.