The new service for subscribers of communication
The special program of AztelPhone local governmental LLC «Aztelekom» is going to introduce a new service by the end of this year , which allows to establish voice communication in addition to the "pure" Internet access. It will be available to any subscriber who installed the said innovation on a smartphone or tablet. Distribution is available for free download from app stores Windows phone and Play Market. The advantage of SIP-telephony is the possibility to bind a landline phone to a smartphone. This kind of service will allow subscribers to significantly reduce the cost of international calls and roaming included. The subscription fee within the service is 20 manat per month. In addition, regardless of the subscriber's location, a minute of conversation over SIP-Account will cost 5 kopecks that actually reduce costs, including the balance of the mobile phone while abroad. To call is enough to have access to the Internet. --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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