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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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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