The Ministry of Agriculture of Azerbaijan and the Ministry of Food, Agriculture and Livestock of Turkey will hold Baku Business Forum on February 23. The purpose of the forum is to rise to a qualitatively new level of development of the bilateral relations in the agricultural sector, Turan was told in the Ministry of Agriculture of Azerbaijan.
To participate in the forum a large delegation comes to Baku, consisting of representatives of about 150 Turkish companies.
In 2016, imports from Turkey amounted to $ 1 billion 181.5 million, an increase of 0.9%. According to Turan’s calculations based on data from the State Customs Committee of Azerbaijan, Azerbaijan exported agricultural products worth $ 118 million to Turkey last year. Azerbaijan, in turn, supplied agricultural goods in the amount of $ 2 million to Turkey. ----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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