Ministry of Communications last year needed less investment
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-
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- Economics
- 10 July 2014 15:43
Economics
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Azerbaijan is poised to increase wheat imports for the 2024-2025 season following a significant drop in domestic wheat production this year. According to data from the State Statistics Committee, the country harvested 1.68 million tons of wheat in 2024, marking an 8.1% decline from the previous year. This downturn in output, combined with rising import volumes in recent months, indicates that Azerbaijan may lean more heavily on foreign suppliers to meet its wheat needs.
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Azerbaijan Railways CJSC (ADY) has announced the restructuring of its container transportation management in an effort to enhance the efficiency of transit cargo transportation. As part of this reorganization, ADY Express will merge with ADY Container starting on November 1, 2024. The consolidation is aimed at expanding the range of services offered in both container and carriage transportation.
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Azerbaijan has introduced a legal framework enabling the electronic state registration of legal entities with foreign investments, regardless of whether their founders are individuals or legal entities, according to the State Tax Service. The announcement was made by Samira Musayeva, Deputy Head of the State Tax Service, during a meeting of the "Entering Business" Working Group.
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The World Bank aims to deepen its involvement in Azerbaijan's economic development through a new partnership framework program, according to discussions between Azerbaijani officials and World Bank representatives. The proposed framework, which will cover the years 2025-2029, is designed to support the country’s transition to an innovative and less resource-dependent economy.
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