Yesterday the President of CJSC Azerbaijan Caspian Shipping Company Rauf Veliyev met the Governor of the Russian region Astrakhan Alexander Zhilkin.
According to the information on the official website of the head of the region, they discussed two issues - development plans for the ferry service through the Russian port of Olya on the Caspian Sea and the possibility of resuming direct flights on the route Baku-Astrakhan from next year on.
According to Zhilkin, this would reflect the growing level of relations between Azerbaijan and the Astrakhan region. In addition, Astrakhan tour operators are ready to explore the new route, directing tourists to the resorts of Azerbaijan. --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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