OREANDA-NEWS. January 20, 2010. Addressing to the session President Ilham Aliyev claimed that during 2009 country’s economy was invested US9.2 bn, including US 7.3 bn of domestic capital investments.

“Having mobilized all capacities – in the line of both the government and local companies, private sector and taking into account foreign companies’ interest to Azerbaijan, we managed to organize large investments in our country. Both capital investments made by the Azerbaijani government and development of local companies and expansion of their capacities, creation of good conditions for them, finances, loans, subsidies and other privileges ensured by the government for business sector, realization of large infrastructure projects, construction of highways, power stations, social facilities on the one hand and creation of favourable conditions for foreign investors on the other hand – all these factors promoted to formation of the current situation. I am sure that in the upcoming years Azerbaijan is going to be of interest for both domestic and foreign investors as an attractive country and due to realization of projects launched in 2009 and new projects we will see great volumes of investments,” President Aliyev said.

He also appealed to endorse as soon as possible State Investment Program for 2010.

The President also emphasized decline of Azerbaijan’s inflation to 1.5%.