In Brussels summed up the 14th meeting of the Cooperation Council EU-Azerbaijan.
The delegation of Azerbaijan was led by Deputy Foreign Minister Mahmud Mamedguliyev. As noted in the Foreign Ministry of Azerbaijan, at a press conference he noted that Azerbaijan intends to expand the range of export products to the EU. Today the share of countries in this area for more than 40 % of the foreign trade turnover of the country , despite the fact that most of the trade with Europe, oil and oil products, and in the future are likely to replenish its arsenal of natural gas.
Diversification turnover discussed under the Association Agreement concerning trade and development of trade relations between the EU and Azerbaijan, said a senior official. - 17D-
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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