The segment of Information and Communication Technologies earned 251.6 million manats by March 1 (+ 7.7% as compared to January-February of last year).
According to State Statistics Committee, the most active were the local private enterprise communications and mail (80.3%). Moreover, almost three quarters (71.5%) of the consumer services accounted for individuals - the amount was at the level of AZN 179.8 million (minus 2.4%)..
In physical terms, the leaders are mobile operators (Azercell Telecom, Bakcell and Azerfon) - for two months they provided 48.6% of all services in the amount of 122.2 million AZN, although their ability decreased by 10.7% in comparison with January-February of last year. --17D-
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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