Investment costs in Azerbaijan can be increased

Investment costs in Azerbaijan can be increased
It is proposed to increase the investment costs in Azerbaijan.

Qazet.az reports that Tahir Mirkishili, the chairman of the Economic policy, industry and entrepreneurship committee of the Milli Majlis, made a speech at the plenary session of the parliament held today.

"No matter how important it is to fight inflation in the current conditions, it will be difficult to reduce its level to the level we want. Because the role of imports in the structure of inflation is huge. Anti-inflationary measures that will weaken economic growth in the world, especially the tightening of monetary and fiscal policy, are causing huge losses.

Therefore, we believe that it is important to conduct a hybrid economic policy in order to selectively stimulate production-related supply and limit mass consumption. It seems that the right way to avoid the economic crisis will be to accelerate the economic growth in the conditions of high inflation. For this, we propose to increase the main investment costs that create new value, for this we consider it appropriate to use the opportunities and skills of the private sector more," he said.