2015 May 13 (Wednesday) 12:34:25
In April of this year in Azerbaijan, consumer prices decreased compared to March by 0.2%, the State Statistics Committee told Turan.
Earlier SSC reported that in February, following the devaluation of the national currency by 34%, prices of goods and services rose by an average of 4%, and in March – by 0.9%.
In April, food prices rose by 0.5%. In this non-food items became cheaper by 0.5%, and public services were 0.9% lower than in March.
On an annual basis within four months of this year, the official inflation rate was 3.1%. Food prices increased on average by 4.6%, non-food products - 2.6%, services - 1.5%. --08B
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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