In 2014, revenues of Ltd. Aztelekom, the main operator of the fixed telephone service in Azerbaijan amounted to 97.8 million manat, which is 15.9% less than in 2013, the state-owned company told Turan.
Operating profit of Aztelekom last year amounted to 2.4 million manat. This is approximately 2-fold less than in 2013.
According to the financial report (http://aztelekom.org/index.php?id=2400), investment in the purchase of fixed assets of the telephone operator in 57 cities and regions, as well as the Internet (ISP Aztelekom.net) amounted to 39.4 million manat in 2014. This is 4.4 million manat less than the year before.
In 2014, customer accounts receivable for communication services and the Internet have increased from 58.9 million to 64.1 million manat. In turn, Aztelekom has debts amounting to 119.5 million manat. Creditor debts for the year increased 35%. Of these, 9.6 million manat is taxes and so forth obligatory payments. --08B-
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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