IBM presented in Baku "IBM systems in the construction of modern infrastructure"
BAKU/27.11.11/TURAN : Powered own local office in Azerbaijan , IBM held at the hotel Firemont STG Roadshow presentation on the topic " IBM systems in the construction of modern infrastructure ." The seminar was more than 50 IT- professionals interested in exploring issues of organizing the correct architecture when building infrastructure.
Made presentations head of IBM in Uzbekistan Uktam Irgashev , system architects , IBM Russia and CIS Vladimir Alexeev and Vladimir Sergienko , technical consultant for IBM storage systems in Russia and CIS Denis Tuzhilkin . Also made product manager for IBM Power Systems in Russia and CIS Alexei Boiko , head of IBM System z in Russia and CIS Andrew Avramenko and spokesman of business development at IBM in Azerbaijan Semen Osadchiy.
Become interesting topics were "Innovative approaches to building IT infrastructure," "Integrated systems as a basis for data center and cloud infrastructure ", "Technologies and IBM tools for dramatic improvements in data storage ", "IBM Power Systems: an ideal platform to reduce operating costs information system "and " z enterprise - a reliable platform for business - critical applications . "
"There are all conditions for the promotion of local products IT- specialists taking into account the interest that they show to the decisions of IBM. Corporation will make every effort to develop the business , given the favorable investment climate that is created in Azerbaijan "- summed up the past event spokesman of business development at IBM in Azerbaijan Semen Osadchiy . - 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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