Investments in Communication Tripled
In the first quarter of 2015 the development of information, communication and mail was invested 104.5 million manat (three times more than by April 1 last year).
According to the Ministry of Communications and High Technologies (MCHT), the share of the segment fell to 3.2% of total investment in the local economy. Less than half of the investments (41.2 million manat) fell on the state-owned enterprises within the structure of the Ministry of Communications.
According to MCHT, total revenue of telecoms, ICT and mail by April 1 totaled 397.3 million manat (+ 10.5%), with most of them (375 100 000 manat or +10.4%) occurred in ICT, while mail produced 9.5 million AZN and the information sector produced 12.7 million manat.
From January to April Azerbaijan put into operation 16 new ATS, expanded 24 ATS and reconstructed one ATS. As a result, the mounting capacity of the telephone network in the republic amounted to 1,840,244 numbers. The total number of fixed telephones has increased to 1,490,699 units. In addition, the total length of fiber optic cable has become 138.5 km.
According to official statistics, for every 100 people in the country there are 18.65 stationary telephones.
For every 100 people in the country there are 112 mobile phone users. --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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