Growing Number of Visitors to www.icazeler.gov.az
In March of this year, a single information portal permits (www.icazeler.gov.az) was attended by around 14 million Internet users.
According to the Ministry of Economic Development, to the appropriate page (http://www.economy.gov.az/index.php/az/ministry/press/news/1110-icazeler-gov-az-117-min) came not only local users, but more than 130 people from the territory of Germany, Turkey, the United States, Russia, Britain, Georgia, Ukraine, Czech Republic, Luxembourg, France, Austria, Denmark, China and Finland. Overall, since the launch of the portal he was visited 117 million times.
It was reported that this portal should reduce administrative barriers to business development, the application of developments in the field of ICT, the creation of advanced information systems, greater transparency.
The website contains all the information concerning the conditions for obtaining licenses and permits for each activity.
In addition, the entrepreneurs through the site have the opportunity to see the projects of individual regulations, which are prepared by the concerned government agencies and the licensing and placement. Drafts of these documents will be posted on this website and businesses can give their suggestions and comments.
Presentation of information and administrative portal www.icazeler.gov.az held in mid-March last year. - 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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