The construction of a rural road Sandahar in the Siyazan region will cost the state budget 12 million 87.8 thousand manats. The executive power of Siyazan signed a contract with one of the largest construction companies in the country - JSC Industrial-Construction Investment Corporation Ac cord. This is stated in the report of the State Procurement Agency.
It is noteworthy that in 2014, by a special decree of Ilham Aliyev, the President of Azerbaijan Reserve Fund in the state budget pre-allocated AZN 3 million for the construction of the road Siyazan - Boyuk Gamya - Sandahar. The road will connect four villages with a population of 28 thousand people.
The contract with Accord was signed in the third quarter of 2015. --08B-
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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