Local ICT companies intend to enter the market abroad. Three well-known structures: SINAM, Cybernet and Bestcomp together with MFI Document Solutions (Tanzania) have created a consortium to participate in the tender for the implementation and support of integrated management of internal revenue in the African country. SINAM has been chosen for operator of the partnership.
According to it, the joint application is included in the main pool of 9 candidates and hopes to win the tender. The reason is that the same SINAM has experience in a number of major projects. Among them, there is the financial reporting system and accounting for budget organizations of the Ministry of Finance AR (FARABI), the electronic archive system for the National Archives Department, the state portal of payments, and the integrated system of tax administration in the State Tax Service of Kyrgyzstan.
Its longtime partner Cybernet has created the integrated system of tax administration for Azerbaijan and the registration system of inventory and management of real estate. Bestcomp Group implemented projects for the delivery of hardware and standard / system software for the operation of the program FARABI, supply of equipment for the creation of an automated workflow system and an information network for the Judicial-Legal Council of Azerbaijan, as well as the local judicial authorities. --17D-
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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