Baku will strengthen its army, defence industry: Azerbaijani president
"If territorial claims against us are not abandoned, if Armenia does not bring its legislation into order, of course, there will be no peace treaty," says Azerbaijani President Ilham Aliyev, speaking after being sworn in for a fifth term in office.

Aliyev also said that Azerbaijan will continue to work on developing its economy and improving the lives of its citizens. / Photo: AA
Azerbaijani President Ilham Aliyev has said that his country will strengthen its army and defence industry in the days to come.
Speaking after being sworn in for a fifth term in office on Wednesday, Aliyev said that Azerbaijan will invest at least 1 billion manat (about $588 million) in the defence industry in 2024 and boost arms production.
Aliyev warned that the world has come very close to World War III, adding: "Some people think this war has already started."
"Our army has demonstrated its strength not in exercises, not in parades, but on the battlefield. Armenia and those supporting it militarily should understand that nothing can stop us," he said, referring to Azerbaijan’s defeat of neighbouring Armenia in the fall 2020 Karabakh conflict.
He added: "If territorial claims against us are not abandoned, if Armenia does not bring its legislation into order, of course, there will be no peace treaty."
Aliyev also said that Azerbaijan will continue to work on developing its economy and improving the lives of its citizens.
Fifth term in office
Aliyev, who has been Azerbaijan's president since 2003, was reelected for a fifth term in office on February 7 with over 92 percent of the vote.
Relations between Azerbaijan and Armenia have been tense since 1991 when the Armenian military occupied Karabakh, a territory internationally recognised as part of Azerbaijan and seven adjacent regions.
Azerbaijan liberated most of the region during the war in the fall of 2020, which ended with a Russian-brokered peace agreement, opening the door to normalisation.
Baku initiated an anti-terrorism operation in Karabakh last September to establish constitutional order, after which illegal separatist forces in the region surrendered.