Azerbaijan reports significant economic growth in Karabakh and East Zangezur

Economic activity in the Karabakh and East Zangezur economic regions of Azerbaijan has seen substantial growth since 2020. According to MP Vuqar Bayramov, total product output in Karabakh has increased fourfold, rising from 1.5 billion manat to 6 billion manat. The East Zangezur region has experienced even more rapid expansion, with output growing approximately 30 times from 134 million manat to over 4 billion manat.

Finance Minister Sahil Babayev stated that the reconstruction of these regions, alongside defense and security infrastructure development, accounts for a significant portion of the state budget. He noted that between 11% and 13% of the national budget is dedicated specifically to the Karabakh reconstruction efforts, with annual allocations ranging between 4 and 5 billion manat.

To date, 26 billion manat has been allocated from the state budget for the recovery of liberated territories. Infrastructure developments include the construction of 64 roads totaling 3,720.5 kilometers, with 17 roads already completed. Additionally, three strategic international airports have been commissioned. Approximately 100,000 people are currently living, working, or studying in the liberated areas, including over 41,000 former internally displaced persons.