In 2021, 2.2 billion manats has been allocated from the state budget for the restoration of Azerbaijan's liberated territories and in 2022, the same amount of funding will be allocated, said Deputy Economy Minister Sahib Alakbarov at a scientific-practical conference on "Innovative opportunities for the economic development of the liberated territories" in Shamakhi, AzVision.az reports.
Sahib Alakbarov stated that this amount is expected to be increased in the future: “If we consider the funds and foreign investments to be allocated by the private sector, this amount is expected to be much higher. Since everything has to be built from scratch in the liberated territories, it is easier to apply innovation and there are more opportunities for that. On the other hand, the lack of funds, which has been always one of the main obstacles to innovation, should not be observed here", he added.
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