The State Oil Fund (SOFAR) will not be the only source of funding for the project "Optics in every home," the Deputy Minister of Communications and High Technologies Elmir Velizadeh told the media.
According to him, the ministry is negotiating a syndicated loan from foreign sources of funding. Contractor of the project with an approximate cost of $ 500 million will be the Production Association Aztelecom, which intends to increase the number of users of services in regional telecommunication nodes. Objectives of the project are expansion of public access to information resources in the regions and infrastructure for e-services as well as improving the quality of services. The project also includes planned installation and commissioning of the new numbers and ports in Sumgait, Ganja, Absheron, Zagatala, Shamkir, Khachmaz, Goygol, Agdam, Barda, Tartar and 47 other districts of the country. The result will be the creation of a real technical possibility to increase the number of users of Internet services of Aztelecom by more than 60% and an increase in the volume of the services.
The principal corporate financial advisor of the project scheduled for completion by the end of 2015 is a company Infirpo Inc., which will attract foreign investment.
The ultimate goal of the project is provision of a speedy virtual resource in the range of 10-100 Mbit / s for the entire country and bringing the number of users of this segment to 85%, which will allow Azerbaijan to become one of the developed countries in the world on this index by 2017. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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