According to the State Statistics Committee, the income of local telecoms and mail from January to 1 September amounted to 1 billion 77 million manats (+10.8% to 1 September of the previous year).
Consumers of almost three-quarters (72.6%) of the services were individuals, which in value terms were provided services worth 781.9 million manats (+ 8.9%).
More than half (54%) were services of three mobile operators operating in Azerbaijan (Azercell Telecom, Bakcell and Azerfon), which in absolute numbers is 581 700 000 AZN (minus 2.3%). --17D-
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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