Azerbaijan will create special tourist zones, the Deputy Minister of Economic Development Sevinj Hasanova told the media. According to her, special zones will be created at the Caspian seaside for the development of beach tourism. In these areas, tax benefits will be applied.
However, Hasanova did not explain the status of these zones, where they are located and what is meant specifically by a tourist area.
Currently, tourism in Azerbaijan is developing badly and many people prefer to relax in the neighboring countries because of the high cost.
In particular, the cost of holidays in Azerbaijan is higher even than in Turkey. That is why every year more than one million Azerbaijani citizens go on holiday abroad, and especially to Georgia, with its lowest prices and good conditions. -02D-
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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