Updating of Postal Operator�s IT Equipment to Require AZN 1.2 Million
Baku / 09.09.17 / Turan: Azerpoct LLC will purchase IT equipment on 4 contracts signed with local companies for a total of AZN 1,190,800. The suppliers have been selected through an open tender.
According to the register of state commercial contracts, Bestcomp Group LLC will supply computers for Azerpoct LLC for a total of 774,200 manat. Spare parts for the amount of 166,500 manat for them will be provided by Cube LLC. Software will be provided by Codeum LLC. The cost of this contract is 49,700 manat.
Aspiration Group LLC, which previously concluded an agreement with the national postal operator on the delivery of polyethylene bags for 66,100 manat, will also sell office equipment worth 200,300 manat. ----08D
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- 29 September 2017 14:09
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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