Azerbaijan and Somalia Discuss Economic Cooperation Ahead of COP29

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.

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.

Azerbaijan's Ministry of Energy hosted a regular meeting of the commission established by the Presidential Decree on additional measures for renewable energy projects. The commission, chaired by Energy Minister Parviz Shahbazov, focused on progress under the "Green World Solidarity Year."

Azerbaijani Prime Minister Ali Asadov signed a decree on July 25 aimed at optimizing the integration and management of financial data across various government agencies. The new measures, outlined in Decree No. 360, mandate detailed reporting and data exchange protocols for different institutions.