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Date:23/01/13

President of Azerbaijan Ilham Aliyev gave an interview to the CNN

President of Azerbaijan Ilham Aliyev gave an interview to the famous journalist of CNN Richard Quest during his visit to Davos.

“The country is developing. The development is very rapid and, of course, we want to present ourselves broadly to the international business community, particularly to those who are not still working in Azerbaijan”, President Aliyev said.

He also noted that Azerbaijan opened our doors wide and invites friends and partners to work in Azerbaijan, to invest.

As for whether Davos is considered an ideal place for the familiarization of foreign businessmen with the country, President Ilham Aliyev noted that it is true.

“Of course, it is the best place to do it. Here is the elite of international business, politicians. Representatives and leaders of major international companies are here. Therefore, this is the best place to present your country”, Ilham Aliyev said.

In his next question, Richard Quest noted that the issue of Azerbaijan’s relationship with BP has been broadly discussed in media.

“Mr.President, is it possible that BP, which is by the way closely connected with Russian Rosneft is being used to insert pressure on Azerbaijan? Are you not concerned that BP can be used by Russians for the interference?”, Quest asked.

“First of all, of course, we are not concerned. First of all, BP is a company which has been present in Azerbaijan almost since the very beginning of our independence, since 1994. It is a history of relationship for almost 20 years. And very friendly relationship. Partnership relationship. And also the relationship which will continue for 20 years more because the projects which we are now implementing jointly with BP aimed at the future. Therefore, I am not concerned about any other issues which BP pursues with other partners”, Ilham Aliyev said.

As for the main objective of the Azerbaijani delegation in Davos and whether the global crisis affected our country, President Aliyev said that Azerbaijan’s economy is very stable and it managed to develop even in the years of economic crisis.

“Azerbaijan’s economy is one of the fastest growing economies of the world. We managed to triple our GDP in less that ten years of more than 300% growth. And now the economy is more diversified and it is not only energy so my main aim now is to attract investment in nonenergy sector of Azerbaijan particularly in hi-tech, IT, and services”, the president of Azerbaijan.

As for the traditional question from Quest about whether the economic situation is more stable in US or EU, Ilham Aliyev said he considers that the United States are more stable.

“From economic point of view, I think the US is now much stable than EU. EU still has problems, still there are countries which big European countries have to take care of, have to you know provide some financial assistance. It is not easy, it creates some, you know, irritation even in those countries which are being supported. Therefore, taking that into account I would say that US looks much stable from economic and political point of view”, the head of the state said.

The 43rd annual session of the World Economic Forum opens in Davos.

A luxurious ski resort is to host some 2,500 delegates from more than 100 countries including the presidents and heads of governments of nearly 50 countries from 23 until 27 January.

Azerbaijan is represented by President Ilham Aliyev and a large governmental delegation. As part of the forum it is planned to hold a reception by the State Oil Company of Azerbaijan.

The topic of the forum ‘Flexible dynamism’ reflects the understands that it will be impossible to restore the pre-crisis economic growth rates and the world leaders of politics and business will have to search new sources of growth.

“To be flexible means to be able to adapt to changing conditions, resist unexpected shocks and recover after them while pursuing critically important development goals”, said the founder of the forum Claus Schwab speaking at a news conference in anticipation of the summit in Davos (Interfax).

The forum participants will continue to analyze the lessons of ‘Arab spring’ which coincided with the Davos summit of 2011.

Davos will traditionally host the leaders of all leading interstate organizations including UN, IMF, EBRD, WTO and others.

The United States is one of the few leading states that reduced the level of representation in Davos compared to 2012. This time the country will be represented by Deputy Secretary of State for Economy, Energy and Agriculture Robert Hormats.



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