President Ilham Aliyev signed February 22 a decree providing for the expansion of foreign trade, especially exports of Azerbaijani non-oil goods, by means of digital technology. To this end, the Center for the Analysis of Economic Reforms and Communications (CAERC) commissioned to create the portal www.azexport.az section Digital Trade Hub of Azerbaijan.
By means of an electronic assembly taxpayers of Azerbaijan will be able to implement the electronic exchange of documents with foreign partners and to conclude electronic contracts.
Exporters of goods, providing these services by e-commerce will be able to obtain the required authorization, also to fill the export declarations at a single electronic declaration. To provide this functionality, the communication between the government agencies integrated with the portal www.azexport.az will be implemented in real time. Payment for the products provided by this portal will also be provided online.
Non-residents of Azerbaijan will be created the possibility of obtaining a digital signature Asan Imza in embassies and consulates of Azerbaijan abroad.
To realize these works CAERC has been allocated 450 thousand manat. -----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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