President Ilham Aliyev signed a decree on amendments to the law "On the state language of the Republic of Azerbaijan", according to which it is allowed to advertise in a foreign language from now on.
The law has been amended in Article 7.1-1, according to which another language can be used in addition to the Azerbaijani language in the text at the advertiser’s request.
In this case, the text in a foreign language has to be placed after the text in the state language, and the scale of the text has to be less than the scale of the text in Azerbaijani and it should not exceed one third of the total advertising scale. Trademarks and geographical indications in other languages have to be written in accordance with a form registered by the relevant executive authority. -71D-
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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