The President of CJSC Azerbaijan Airlines (AZAL) Jahangir Asgarov and Director General of Kuwait Civil Aviation Yousef Al-Fouzan signed an intergovernmental agreement on air communication between the two countries on November 16.
By signing the intergovernmental agreement, the parties remove obstacles to the opening of air links between the countries, which will contribute to the further development of bilateral economic and cultural relations between Azerbaijan and Kuwait. This is stated in the press service of Azerbaijan's Civil Aviation Administration (ACAA).
It is not reported why the head of the state airline, and not a representative of ACAA, signed the document.
In particular, the National Carrier of Azerbaijan AZAL and the freight carrier Silk Way Airlines are studying the possibility of opening direct flights to the city of Kuwait. At the same time the airline of Kuwait Al Jazeera plans to open direct flights to our country.
It should be noted that the signing of the agreement took place on the eve of the presentation of the tourist potential of the Azerbaijan market in Kuwait on November 24. --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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