Investments, mainly governmental ones, invested in the ICT sector, information and mail in Azerbaijan in 2012, amounted to 325.3 million manat. The sector of sales amounted to 1 billion 503.4 million manat, an increase of 17.3% compared to last year.
The Ministry of Communications and Information Technology, for 9 years (2004-12 years) invested about 2 billion manat. At the same time, the volume of services and manufactured goods amounted to 8 billion 385.1 mln.
The pace of growth of the ICT sector for the year 2012 compared to 2011 was 16.6%, of information - by 50.1%, of post services - almost by 18.2%. - 17D -
Economics
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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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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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