Local mobile operators - Azercell, Bakcell and Nar Mobile will begin on October 1 launch of number portability services on mobile networks, said the Minister of Communications and Information Technologies Ali Abbasov said in an interview after the reception of citizens in Masalli . The service had to be implemented on July 1, but the synchronous training did not work, and the ministry is looking for reasons to delay the whole quarter. The guilty will be punished by administrative order - the minister said.
According to him, as a result of the introduction of a registration system of mobile devices in May cases of smuggling were prevented this year. In order to improve the quality of Internet in the country with the support of the Ministry of Communications and the State Oil Fund of Azerbaijan launched a special project in which the end of 2017 on the territory of Azerbaijan the quality of the Internet will be brought up to the standards of the European level . - 17D-
Economics
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The EBITDA (earnings before interest, taxes, depreciation, and amortization) of the State Oil Company of Azerbaijan (SOCAR) has been declining in recent years, as reflected in reports by international rating agencies and the company’s own financial statements. SOCAR’s financial report for 2024 is expected in the summer of 2025, but preliminary data from Fitch Ratings indicates a further decline in the figure.
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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