Azerbaijan in terms of broadband Internet is N 58 in the world. According to a joint report, UNESCO and the International Telecommunication Union (ITU) on the state of broadband Internet by the end of 2011, our country in the CIS was the third level of the penetration of fixed broadband Internet with the index 10.7%. That is, for every thousand people there are 107 people. Only Belarus and Russia are ahead.
On the level of penetration of mobile broadband, attributable to every 100 active users, Azerbaijan is also in the third position in the post-Soviet space after Russia and Kazakhstan.
According to figures from the report, last year, the Internet penetrated more than a third (39.5%) of households in Azerbaijan, a country that has provided the 22nd position among the developing countries in this segment (located next door to Kazakhstan, Turkey and Belarus).
Exactly half of the Azerbaijani population is users of the Internet connection, which is N 59 in the world and first in the CIS countries. - 17D-
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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