During 9 months, 2013 payment for gas deliveries to Chechnya constituted only 47%. Gasprom’s corporate magazine reported that almost half of 3 billion cub.m. of gas transported by Gasprom to Chechnya disappears in the gas distribution networks and gas equipment.
Gasprom plans to reconstruction the gas supply system of the republic. It has started inventory of the networks to create the efficient model of gas supply.
The concern reported that on October 3, 2013 Gasprom chairman of Board Aleksei Miller met with Chechen President Ramzan Kadyrov. Gasprom Chairman has instructed to draft the program of development of gas supply of Chechen Republic till 2020.
It has been earlier reported that population of the North Caucasian republics is not willing to pay for gas and power supply. For instance, population of the northwest of Russia pays for 99% of supplied gas, population of the Caucasus – pays only for 68% and Chechnya and Dagestan – only 42%. This non-payment is actually covered by the Russian population at the expense of the anticipatory growth of tariffs.—0---
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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