The fastest mobile Internet from Azercell
Mobile Internet from Azercell is the fastest in Azerbaijan. According to the indicators "Ookla Net Index", a local mobile operator provides mobile internet speed equal to 6.12 MB/s. "Ookla" makes daily about 5 million measurements using more than 300 thousand unique IP addresses.
Mobile Internet provided by Azercell, is very close to the level of fixed broadband Internet. Today, every second Azercell subscriber is an active mobile Internet user, and uses it by two times more than in 2013.
Azercell also became the first company in Azerbaijan to realize the commercial launch of the technology 4G. At the end of last year, 300 of the 6000 radio-base stations of the network provide LTE (4G) to Baku and Absheron peninsula. - 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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