Last year in the fixed assets of the information and communications sector of Azerbaijan 200.7 million manat was invested (minus 37.1% in comparison with 2012).
According to the State Statistics Committee, the total profit before tax of legal entities and individuals in this sphere was 754.4 million (+ 6.6%), net profit - 611.2 million (+ 6.6%).
Fixed assets sector by January 1 of this year were at the level of 2 billion 403 million manats (14.5%).
The total volume of services rendered in the field, was 1 billion 528.06 million (+6.1%). The volume of services only in the sphere of communication was 1,000,341,800 manat (4.5%).
The largest volume of services was given in 2013 in the field of mobile communications - 908 262 000 manat (4%). - 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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