As of April 1 the communication services, including mail, had 372.8 million manats of total GDP revenues (+ 8.9% over the same period last year), the State Statistics Committee reported.
Traditionally, more than half (50.78%) of the services are rendered by three mobile operators, Azercell Telecom, Bakcell and Azerfon. In comparison with the first quarter of last year, their income in absolute terms decreased by 8.2% and they collectively earned 189.3 million AZN.
Specific weight of the private sector, including the mobile operators mentioned, in the total communication and mail system was 80.7%, with almost three-quarters (71.6%) of consumption by individuals, who paid out 266.9 million AZN. --17D-
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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