The press conference of the Financial Director of Azercell Serdar Yilmaz was about the results of the last year.
According to him, the mobile operator's revenues decreased by 7% from 430 million manats in 2014 to 400 million AZN last year, with a tendency to further deterioration of the indicators against the background of the poor purchasing power of the consumers of telecommunications services. "In this case, we need to optimize our costs, and specific methods for this have already been developed," he said.
Presumably, the investment in the telecommunications sector in Azerbaijan will amount to approximately 50 million manats (last year - 68 million AZN). --17D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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