The work which is being carried out to restore Karabakh is impressive, Tobias Baumann, the executive director of the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) said at the presentation of Market Analysis Azerbaijan.

He said the reconstruction of the liberated territories is a major task for Azerbaijan for which it allocates huge sums.

“What we see in Karabakh is impressive. Airports, roads, cities are being built actively and everything is being done from scratch,” Baumann said.

He noted that oil and gas in Azerbaijan remain leading spheres in economic development, despite the growth of investments in the non-oil sector.

Baumann also stressed the development of Azerbaijan’s construction sector.