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ANKARA: Nakhchivan Economy Blossoms with the Help of Turkey

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  • ANKARA: Nakhchivan Economy Blossoms with the Help of Turkey

    ZAMAN: Nakhchivan Economy Blossoms with the Help of Turkey
    Today's Zaman
    MUHLIS KAÇAR, ANKARA

    Story from Lragir.am News:
    http://www.lragir.am/engsrc/politics22199.html

    Published: 14:20:22 - 13/06/2011

    The Nakhchivan Autonomous Republic, which is part of Azerbaijan, has
    been a place of significant social and economic developments,
    particularly in the last 15 years.

    Turkey, which was there for the republic from the beginning, has
    played an important role in Nakhchivan's development as the two not
    only share a 15-kilometer border but also one ethnicity, religion and
    history.

    In the early 1990s, the people of Nakhchivan were living under really
    difficult conditions. Economic difficulties, the limited availability
    of public services, the limited connection to the capital, Baku, in
    every aspect of life and the lack of resources (natural gas, power,
    other fuels) were only a few of the problems that people were
    experiencing.

    According to Nakhchivan embassy spokesman Elsever Salmanov, aid
    provided by Turkey to Nakhchivan under those difficult circumstances
    was essential. `This aid will never be forgotten by the people of
    Azerbaijan,' he stated.

    Vasif Talibov, who was appointed by the late leader of Azerbaijan,
    Heydar Aliyev, as his successor for the Nakhchivan Autonomous
    Republic, serves as the current parliamentary chairman of the
    republic.

    Thanks to prudent state management policies and the resulting rapid
    economic growth, Nakhchivan City, the capital of Nakhchivan Autonomous
    Republic, has changed tremendously in the last 15 years. In
    macroeconomic figures, while the world was struggling with the adverse
    effects of the economic crisis, in 2009 the gross domestic product
    (GDP) of Nakhchivan grew by 21 percent in comparison to the previous
    year, while in 2010 the GDP increased by 17 percent compared with
    2009. Per capita income increased from $2,600 in 2008 to $3,082 in
    2009 and $3,592 in 2010.

    The policymakers' motto of `eliminating obstacles to entrepreneurship'
    has borne fruit. The republic took important steps regarding financial
    assistance and facilities for entrepreneurship; moreover, the
    necessary reforms and innovations in the legal infrastructure were
    carefully undertaken for the purpose of supporting private
    entrepreneurship.

    Institutions that provide financial and consulting services to
    entrepreneurs were established. As a result, the GDP of Nakhchivan
    increased 17-fold for the period 1995-2010, and the number of
    industrial establishments reached 365 in the same period. This figure
    is 12 times larger than the number of industrial facilities
    established in 1924-1991.

    Nakhchivan also introduced successful privatization processes with two
    successful state programs. The attractive investment fields include --
    but are not limited to -- textiles, cement, glass and herbal medicine
    factories, as well as the construction of hydro power plants and wind
    farms.

    Nakhchivan has also been successful in the areas of education and
    energy infrastructure. According to data provided by officials, 111
    new schools were constructed and 57 schools were repaired in recent
    years. Experts state that currently every house in the republic has a
    natural gas connection, while electricity theft is at zero percent.
    The republic, which experienced harsh conditions 15 years ago, meets
    its electric requirements with its power plants and sells excess power
    to Turkey.

    Nakhchivan's industry doesn't just meet local requirements in areas
    such as automobile production, but it is set to become an export
    economy.



    From: Emil Lazarian | Ararat NewsPress
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