In Baku opened an investment forum organized by the magazine The Economist. Speaking at the forum, the Minister of Communications and High Technologies Ali Abbasov said that investment in the ICT sector in 2010-2014 amounted to $ 2 billion.
Access to the Internet is enjoyed by about 73% of the population, and by 2018 the level of coverage of high speed Internet will reach 85%, he said.
The development of the ICT sector should be carried out in three main areas: infrastructure of the 21st century, the development of areas affecting the socio-economic life of the country, as well as the creation of free tech markets. "In the first area work is carried out on the development of satellite technology and digital television, telecommunications network based on LTE technology, and more. In the second direction e-government is being set up, and our goal is to completely automate the electronic services, of which advantage could be taken by 85% of the population, by 2020," said the minister.
He did not ignore the problems in this area, as there is currently directed to export local production of ICT in the amount of only $ 1 million. So it is necessary to ensure the production of competitive and export-oriented products and services, the official said. --17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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