Bank Of Baku

$1.8 bln invested in Azerbaijan’s ICT sector during past 20 years

$1.8 bln invested in Azerbaijan’s ICT sector during past 20 years
# 19 October 2011 08:52 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. $1.8 bln was invested in Azerbaijan’s ICT sector during past 20 years.


According to Ministry of Communication and IT, the incomes on ICT sector rose 140 times during the same time: “In 2004-2010, annual development rate made 30-32%. Volume of IT sector rose by 6 times, product export – by 5 times”.

Note that, volume of private sector on ICT sector reached 80%, during 20 years.
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