Ultra Company Became "Platinum Partner" of Oracle Corporation
The leading system integrator of Azerbaijan's Ultra became a "platinum partner" of Oracle.
Status "Oracle Platinum Partner" awarded to companies that have made more progress in the areas of implementation and use of the products Oracle, as well as having a highly qualified technology Oracle. To qualify as a "Oracle Platinum Partner" partners candidates need to fulfill some conditions, as well as to improve their skills. The company Oracle, founded in 1977, is engaged in the development of database management systems, the coordination of software and business solutions ERP (Enterprise Resource Planning) and CRM (System Customer Relationship Management), as well as solutions for specialized areas.
One of the popular products of the company is the Oracle Database (Database Oracle), produced and perfected since the founding of the company.
Recall, the company Ultra in 2010, she was awarded the status of "Gold Partner" of Oracle. - 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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