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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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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