The Central Bank of Azerbaijan (CBA) reports that by 1 May, there were 2,553 ATMs in Azerbaijan (minus 5.3% to the beginning of the year). Most of them (1,412) were installed in Baku, while the rest 1,141 were in areas of the country.
During the first European Games in June 2015 significant increase in the number of POS terminals was recorded (+ 6.9%), but now the total number is 73,960 units (minus 7.9% to the beginning of the year) on all trading facilities and services. In Baku there are 42,762 (minus 12.7%), and in the regions – 31,198 (minus 0.5%). Almost all of them (98.2%) operate in retail trade facilities (72,676). --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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