Communications Ministry invested in IT-sphere of Azerbaijan about 2506,300 AZN
The Ministry of Communications and Information Technologies (MCIT) invested 2506,300 AZN in the telecommunications sphere of Azerbaijan in January to February 2006. The funds were mostly directed to the reconstruction of the communication objects, construction of new telephone lines, both in the suburbs of Baku and in the regions of Azerbaijan, the Ministry told Trend.
During this period the Aztelekom Producing Unit (PU) invested about 279,100 AZN, the Baki Telefon Rabitasi PU some 127,900 AZN, Teleradio PU around 48,900 AZN.
In 2005 the Ministry invested 157,571bn manats in the telecommunications sector of the country, which is 66bn manats more than 2004.
As of 22.03.2006 official rates of manat in regard to the US dollar was 4552 manats (0,9104 AZN) at the National Ban of Azerbaijan.