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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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