
Ministry of Communications to unveil plan to reduce tariffs on Internet
BAKU/23.12.13/TURAN : Already in 2014 can be reduced tariffs for Internet services .
According to local journalists today the Minister of Communications and Information Technologies Ali Abbasov , the rates for these services are not regulated by the state , but there are mechanisms for state regulation with direct participation of the leading providers . " In general, the cost of Internet access in the country has declined steadily. Prepared us a plan to reduce the cost of access to the Web will announce in the near future. This, in turn, will allow Internet service providers to make the end user even more affordable," he said.
The minister also touched on the issue of income for the first satellite program in Azerbaijan. According to him , the proceeds from the sale of the first telecommunications satellite resources Azerspace/Africasat-1a Azerbaijan for the first six months of on-orbit operation amounted to $ 10 million , and this figure is increasing. In the use of resources Azerbaijani satellite interested countries in North Africa , Central Asia and Eastern Europe, said Abbasov . - 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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