By the end of 2013 the profit of Production Association Baku Telephone Communication (BTC) was 2 million 684.7 thousand manats, which is 43% less than in the previous year.
This year, BTC unveiled the annual financial report submitted together with the auditor's report.
According to the results of the audit, LLC Premium Audit, last year's income from operations (71.5 mln AZN) increased by 27.1%. The rate of cost growth (68.8 million manat) beat it by 3.5%.
In 2013 assets of BTC increased by 10 million manat and reached 166.5 million manat. Of these, 54.7% accounted for buildings and equipment.
In March 2001, by the decision of the President of Azerbaijan, Baku Telephone Communication and Aztelecom were open to privatization by individual project. However, until now no practical steps in this direction have been taken.
The capacity of the network BTC reaches 800 thousand numbers, with the number of subscribers (as of early 2012) being 624 thousand, 550 thousand of which are classified as public. - 08D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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