At the end of last year the Cabinet of Ministers decided to demolish 283 residential and commercial buildings privately owned, which are located in the central part of Baku.
The document (https://goo.gl/Gv9kVl) No 533 on December 30 mentioned that all these objects are located between Narimanov Avenue and the streets Balababa Mejidov, Fouad Ibragimbekov, Abdullah Shaig and Suleyman Taghizadeh. The territory will be used to lay roads of national importance, and so on communication.
The purchase of the sites from the owners has been entrusted to the Executive Power of the Yasamal district of Baku.
Recall that the above area is adjacent to the former so-called Soviet Street (now Narimanov Avenue) residential area, where houses were demolished in the years 2013-2016 for the construction of parks and highways. ----08D
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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