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22.02.2013 09:57

Directions of Azerbaijan ICT Development Fund under specifying

Baku, Fineko/abc.az. The State Fund for Information & Communication Technologies (ICT) Development of the Ministry of Communications and Information Technologies of Azerbaijan is in a high degree of readiness for the start of operations.

Deputy Communications & IT Minister Elmir Valizadeh says that approval of the Regulation on the State Fund for ICT Development is expected now.

"The Regulation will specify directions of Fund’s activity. The fund is expected to encourage the involvement of world leaders in the development of the ICT industry of the country and contribute to the dynamic development of the sector," Velizadeh said.

About AZN 15 million will be allocated from the budget of the State Oil Fund of Azerbaijan for 2013 to ensure its activities.

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