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Financial Crisis Doesn’t Affect Investing in Azerbaijan’s Communication and IT Field

ICT Materials 10 December 2008 20:46 (UTC +04:00)

Azerbaijan, Baku, 10 Dec / Trend corr. S.Babayeva/ "The financial crisis did not affect investing in the field of communication and information technologies of Azerbaijan," Deputy Minister for Communication and IT of Azerbaijan Elmir Valizade said at a meeting with Caspian Integration Business Club on 10 Dec.

"The scope of information technologies is as attractive for investors as before and is estimated by big companies as having great potential for development," said Valizade.

According to the State Statistical Committee, AZN 132.4mln was invested in the area of communication and IT of Azerbaijan in January to October (up 29.2% than in the same period of 2007) and is 1.8% percent of the total investment in the country's economy.

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