LLC Baku Bus decided to improve the internal system (administrative, residential, commercial and retail properties) and implement IBS and Wi-Fi in public transport of the capital.
To this end, a tender has been announced - the applicant must, in particular, propose a scheme for the organization of Wi-Fi network on buses, as well as indicate the necessary equipment and evaluate the options for Wi-Fi and IBS.
Participation in the tender procedure is 2.5 thousand manats. Tender proposals accompanied by a bank guarantee for half the cost of services requested are accepted until 17.00 pm on November 16. The next day at 3 pm the winner will be announced.
For information please contact Ramig Zeynalov, call (012) 404-11-00 (extension number - 119). --17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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