The president made the remarks at the opening of the 23rd International Caspian Oil & Gas Exhibition in Baku June 1.
Azerbaijan is successfully passing through this test, he said, noting that 2016 should be a year of stabilization.
“I believe there will be growth next year. There has been economic growth every year, now a new period has begun. We will overcome any test,” President Aliyev said.
He recalled that this year Azerbaijan marks the 25th anniversary of independence. “Over the years past, our country proved that it can live independently and yet prosperously,” the head of state said.
The president said one of the main objectives is successive implementation of social projects.
"Pensions have been increased by 10 percent. All social projects are being carried out,” Ilham Aliyev said. “The decline in oil prices was a challenge. But foreign investors trust us as we have a good reputation.”
The head of state stressed that the heads of the world’s leading countries are interested in this exhibition.
"The exhibition’s importance was proven by the fact that the US president and the UK prime minister extended their congratulations,” he added.
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