In January - February revenues of local communication companies and mail amounted to 254.7 million (+ 10% by March 1 of last year).
According to the State Statistics Committee, 72.3% of service consumers were individuals, which in terms of value provided services worth 184.1 million manat (+ 4.2%).
The share of mobile communication services rendered by the three existing mobile operators - Azercell Telecom, Bakcell and Azerfon was 53.7% of the total volume of communication services or 136 800 000 manat (an increase of 1.9%). --17D-
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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