Bank Of Baku

Forecast: This year the growth in ICT sector of Azerbaijan will be 30%

Forecast: This year the growth in ICT sector of Azerbaijan will be 30%
# 20 September 2011 14:08 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The growth of information-communication technologies in Azerbaijan will be 30% before the end of the year, Deputy Minister of Communications and Information Technologies Elmir Velizadeh said.

To him, the average growth was at this level within the past 6 years: “Even in times of crisis, the ICT sector in Azerbaijan has demonstrated 15% growth. This suggests that the sector is able to withstand shocks of the global financial crisis”.

Note that, the volume of services rendered to companies operating in Azerbaijan due to natural and legal persons in January-August, this year amounted to AZN 765.3 mln, up 10.5% over the same period last year.
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