ICT revenues jump in Azerbaijan

Revenues from the ICT sector and postal services amounted to 1,197 billion manat in January-September 2013, which is by 10.5 per cent more than in the same period of 2012, the Communications and Information Technologies Ministry of Azerbaijan reported.

"The specific weight of Information and Communication Technologies sector in Azerbaijan's GDP amounted to 1.8 per cent," the report reads.

The real growth rate for the last period on the country's telecommunications sector was 6.7 per cent, IT sector grew by 1.6 times, and the postal sector by eight per cent.

Azerbaijan is developing its ICT sector, especially after 2013 was announced the ICT Year in the country. ICT plays one of the leading roles in the non-oil sector of the country's economy and the budget revenues it generates have been increasing year-on-year.

An ICT high technology park is being constructed in Azerbaijan, and its creation is a priority for the development of the ICT industry. The high-tech park is supposed to be a territory with all the necessary conditions for the development of new and high technologies and researches. The park envisages the involvement of local and foreign ICT companies.

In June, the government passed a decision making participants of the high-tech parks tax and customs duty-exempt for seven years, which will drive the development of this sector.


/AzerNews/