From January to August this year, communication and mail enterprises earned 937.2 million manats (+ 10.7% over the same period last year), - the information on the website of SSC.
About three-quarters of the services (72.6% or 680 400 000 manats in value terms) fell on individuals.
Traditionally, more than half of the total volume of services (53.9%) accounted for the three local mobile operators (Azercell Telecom, Bakcell and Azerfon). In monetary terms this amounted to 505.2 million manats, which is 2.7% less than on 1 August of the last year. --17D-
Economics
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Azerbaijan’s State Oil Fund (SOFAZ) reported a 10.7% decline in revenues from the Azeri-Chirag-Gunashli (ACG) oil field block in 2024, amounting to $740.7 million less than the previous year. Total earnings from ACG from the start of 2024 until January 1 stood at $6.16 billion, down from $6.89 billion over the same period in 2023, according to SOFAZ.
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The Azerbaijan Land Transport Agency (AYNA) has reduced the average age of taxis from 15 to 7 years in 2024 as part of comprehensive transport reforms aimed at enhancing safety, sustainability, and service quality.
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Azerbaijan's State Special Communication and Information Security Service (SSCISS) has reported vulnerabilities in the security systems of 857 information resources across state institutions in 2024, marking a 23% increase compared to 2023, according to official data released this week.
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The Azerbaijan Banks Association (ABA) announced that, in accordance with the recommendations of the Central Bank of Azerbaijan and in collaboration with the Azerbaijan Microfinance Association (AMFA), all outstanding credit obligations of the victims of the Azerbaijan Airlines (AZAL) flight Baku-Grozny, which crashed on December 25, 2024, have been fully written off by banks and non-bank credit organizations. This initiative was entirely funded by the respective financial institutions.
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