Azerbaijani Minister for Finances Samir Sharifov said at the international business forum supported by the Black Sea Trade and Development Bank in Baku on Friday that 80% of products Azerbaijan manufactured were produced by the private sector and that the non-oil sector of economy had a growth of 8% annually in the past 10 years, 1news reports.
$47 billion were invested in the petroleum sector of Azerbaijan. The country planned to develop logistics, information technologies. According to the Azerbaijan-2020: Look in the Future Concept, the GDP will double.
President of the Black Sea bank Andrey Kondakov said that the forum was organized diversify economy and to improve between the bank and international financial institutions operating in Azerbaijan.
