The process of installing water meters will be accelerated
Azersu JSC intends to speed up the installation of water meters. At the beginning of this year, only 47.5% of people (55,000) were equipped with water meters.
The Head of the Department of Public Relations of the company Anar Jabrayilly told Turan the supply of water measuring devices is conducted in two directions. "The project of modernization of water supply in 23 cities and districts of the country is also provided to supply all consumers with counters. In addition, Azersu is waiting for funding from the state budget for this year," he said.
In 2012 JSC Azersu installed 65,000 meters. Installed are counters of the "smart card" type. Only in Baku and on the Absheron peninsula they set up 19,700 of these counters in 2012. -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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