Till mid-summer the airline "WizzAir" will launch regular direct flights from Budapest to Baku, Deputy Minister of Economic Development Niyazi Safarov, the Director of the Hungarian airline "WizzAir".
The meeting was attended by the ambassadors of the two countries accredited in Baku and Budapest, it was noted that an agreement on the opening of the flight was reached during the October 2012 3rd meeting of the bilateral intergovernmental commission on economic cooperation. All the necessary documents have been agreed.
Niyazi Safarov said that the opening of air lines will expand cultural, humanitarian, and economic and trade cooperation between the two friendly countries.
According to the State Customs Committee of Azerbaijan, in 2012, Hungary imported goods worth a total of $ 23.7 million, by 35.5% less than the previous year. Exports of goods in the opposite direction in the last two years was little - in the range of $ 50 million. --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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