Last year, in order to improve the information and communication services in the regions have been commissioned 41 ATS (automatic phone stations), and 56 post offices.
As the Minister of Economic Development Shahin Mustafayev, speaking at a conference in the fourth year of the "State Program on socio-economic development of the Republic of Azerbaijan in 2009-2013" in the country (for the first time in the CIS) telephones all settlements, 70% of the population is users of the Internet.
The minister said the launch into orbit of the first Azerbaijani satellite will provide the basis of new industries. Historic achievement is a significant contribution to the development of not only ICT, but also the economy as a whole. Announcement year 2013 information and communication technologies, of course, will give impetus to further expansion of the operations and accelerate the development of ICT, - he added. - 17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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