Azerbaijan became the chair of TransAsia-Europe (TAE) for the period 2013-15. The presidency passed to us from Ukraine. The interests of the state are represented by the Ministry of Communications and Information Technology (MCIT) of Azerbaijan.
In view of globalization and the ever-increasing demand for the services of fiber-optic backbone it is neccessary to make a lot of organizational effort to further improve the effectiveness of TAE, they told Turan in the ministry.
The commission on project management met in Baku on November 7-8, 2012 in which the representatives of the national operator in Ukraine Ukrtelecom, the German company T-systems (a subsidiary of Deutsche Telekom) and Georgian company FopNet took part.
Implementation of TAE is agreed by the tripartite protocol signed on October 21, 1999 between Azerbaijan, Georgia and Turkey. In December of the same year, construction began on the Azerbaijani segment of TAE. In 2001, the construction of the onshore section of the segment started and channels of communication between Baku and Tbilisi were translated into the fiber-optic backbone TransAsia-Europe.
Commissioning of the pipeline will help to establish a direct link between these countries as well as Russia, Ukraine and Iran. - 17D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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