The Cabinet of Ministers to evaluate Ministry of Communications" preparedness for the era of "electronic government"
The Ministry of Communications and Information Technology during the current year will continue on the development of the information society, the introduction of ICT in society and raise public awareness in the field.
In continuation of the work, they have drafted the "State Program on development of e-government and expansion in 2013-2015 e-services in government", the "List of information systems and resources to connect to the portal of electronic government and "Technical requirements for connection information systems and resources, e-services to the portal of electronic government".
Agreed with the relevant bodies, the documents have been submitted to the Cabinet of Ministers. - 17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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