The level of water meters provide customers closer to the level of 50%
State JSC "Azersu", the supplier of water and sewerage services in Azerbaijan announced the provision of 529,180 of its subscribers water measuring devices. This represents 49.3% of the total number of subscribers.
The press-service of JSC Azersu told Turan that since 2012 it started installing smart meters and currently their number exceeds 100 million only six months of this year, such as a smart meter installed 73 thousand subscribers. It mainly covers the city of Baku, Sumgait and Absheron region. Such meters are also installed in areas that are implementing projects to upgrade water and wastewater systems (Guba, Zardab, Imishli, Lankaran, Shamakhi, Oguz, Hajigabul, Tovuz, Agstafa, etc.). - 08D-
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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