Bank Of Baku

Investment in Azerbaijan’s telecom sector more than doubles in 6 years

Investment in Azerbaijan’s telecom sector more than doubles in 6 years
# 16 January 2009 15:05 (UTC +04:00)
Baku. Aynur Veiyeva – APA-Economics. Investments in telecommunications and postal sector in Azerbaijan reached AZN 140 million in 2008, down AZN 27.4 million or 16.4% on a year ago.
Nevertheless, total investments in this sector grew by 2.5 times over the past 6 years, said a source in the government.
Investment in this sector by the public sector made AZN 42.86 million, including AZN 40.82 million from the Ministry of Communications and Information Technologies.
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