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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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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