JSC "Agroleasing" has announced an open tender for the insurance of tractors and other agricultural equipment for a year. According to the company, competitors, by paying 500 manat can participate without restrictions, while presenting affordable services plus matching the terms and conditions of the transaction. Offers from insurers are accepted until 29 September, on the next day will be published the name of the winner of the tender. The OJC "Agroleasing" was created on October 23, 2004 at the Ministry of Agriculture of Azerbaijan. At the end of 2014-2015, it bought 6427 units of equipment, including 647 combine harvesters, 2.12 thousand tractors and other agricultural machinery. According to his data, procured agricultural machinery is produced mainly in China, Russia, Belarus, Belgium, Finland and Turkey. --17D-
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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