BAKU, Azerbaijan, April 6. The Board of the Central Bank of Azerbaijan (CBA) has approved the "Rules of Payment Transactions and Payment Instruments" this week, Trend reports.
Additionally, it was reported this week that the IT Hub Azerbaijan project is of particular strategic importance for the EBRD as it helps attract investment to the regions of Azerbaijan and creates employment opportunities there.
Also, it was reported that the ICT sector in Azerbaijan is the fastest-growing non-oil sector in terms of revenues.
Moreover, it was noted that 100 students from different regions of Azerbaijan were trained within the framework of the IT Hub Azerbaijan project.
StrategEast president Anatoly Motkin told Trend that Azerbaijan has done tremendous work in the direction of digitalization over the past two years, as well as on diversification of the economic model from exclusively resource-oriented to the knowledge economy.
According to the StrategEast president, the only difference is that Azerbaijan started this development when the western part of the world, which is the main customer, went into recession, and so the technology companies themselves are struggling to keep their budgets there from shrinking.
"Azerbaijan has the opportunity to compensate for that by being able to become a customer itself and is, in fact, a customer for many technology companies because both the telecom, oil and gas, and banking sectors need digital solutions. And it has created new jobs through the hiring of local specialists by international companies attracted to the country," he added.
Motkin also noted that StrategEast will continue to work in
three directions in Azerbaijan.
Among the directions are the development of the startup ecosystem
in Azerbaijan, the base of qualified specialists, and the
popularization of Azerbaijan as a country that is a reliable
provider of digital services.
Among the directions are the development of the startup
ecosystem in Azerbaijan, the base of qualified specialists, and the
popularization of Azerbaijan as a country that is a reliable
provider of digital services.
This week, it became known that the main source of information for
the electronic platform Climate Change from Space was the Azersky-2
satellite.
Besides, it was reported that Azerbaijan will launch its next
satellite into orbit in 2026.
This week at the meeting of the Azerbaijani Parliament, amendments
to the law on privatization of state property were discussed.
Within the framework of the amendments, it became known that the
privatization of satellite communication facilities would become
possible in Azerbaijan.
Kaspersky Lab's official representative in Azerbaijan, Mushvig Mammadov, told Trend that in 2023, Kaspersky's solutions prevented more than 10,000 attempts to transfer users in Azerbaijan to phishing and scam pages on the topic of cryptocurrencies.
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