The Azerbaijani government delegation on 17-18 February will visit Bosnia and Herzegovina. During the visit, the Export and Investment Promotion Fund of Azerbaijan will organize in Banja Luka a bilateral business forum, where it has invited Azerbaijani entrepreneurs.
Despite the attempts of the two countries, the level of trade turnover between Azerbaijan and Bosnia is at a low level. The State Customs Committee of Azerbaijan, in 2012, exports of goods to Bosnia was virtually at zero ($ 2000). Imports from Bosnia are $ 284,000, which is 2% less than in 2011.
The first business forum Azerbaijan - Bosnia-Herzegovina was held in October last year during a visit to Baku Chairman of the Presidium of the country Bakir Izetbegovic. The event was attended by about 70 entrepreneurs from both countries. - 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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