The Azerbaijani Minister for Communications & Information Technologies, Ali Abbasov, said that the Ministry of Communications & Information Technologies is in talks with
Korea regarding the situation, which evolved during the Signing of a contract with Daewoo Corporation in 1998 on the installation of the information and communications equipment in Nakhchivan Autonomous Republic of Azerbaijan, Trend reports.
Korea agreed upon a partial payment of $4.5 mln. instead of the $9 mln. that was demanded previously.
There is a misunderstanding on some items of the contract and the Communications Ministry had ceased its financing in 2002. The final decision will be made after talks. the Minister stated.