Azerbaijani ICT sector revenues exceed $1.5 B in 2014

Business Materials 6 November 2014 16:40 (UTC +04:00)

Baku, Azerbaijan, Nov.6

By Huseyn Veliyev - Trend:

The volume of income received on the ICT sector and postal services in Azerbaijan in January-September 2014 amounted to 1.205.1 billion AZN, which is 13.1 percent more than the same period last year, the Ministry of Communications and High Technologies of Azerbaijan told Trend Nov.6.

The official exchange rate on November 6 is 0,7844 AZN / USD.

The share of the sector of information and communication technologies in Azerbaijan's GDP was 1.8 percent.

On the results of the three quarters of 2014, the total investments volume in the ICT sector amounted to 96.1 million AZN. The volume of investments made by enterprises and structural units of the Ministry in the ICT sector amounted to 38.2 million AZN.

Some 79 percent of proceeds from the ICT sector and postal services fell on the non-state sector. Thus, 64.9 percent of the total received income accounted for mobile services, which is 7.9 percent higher than the same period last year.

The volume of proceeds acquired by the structural units of the ministry amounted to 251.7 million AZN for the first nine months of 2014. The ministry allocated 29.2 million AZN to the state budget of the country and 14.3 million AZN to the State Social Protection Fund.