Baku hosts the 44th session of the ministerial meeting of the Organization of Railways Cooperation (ORC).
Speaking at the meeting, Deputy Prime Minister Abid Sharifov said Azerbaijan had invested about $ 25 billion in the development of transport infrastructure. More than 10,000 km of roads have been built across the country, and five international airports were built in the last five years in full updating the civil aviation fleet.
Azerbaijan has been an ORC member since July 1993. ORC is an international organization established at the ministerial meeting in Sofia, Bulgaria on June 28, 1956.
ORC members are the Ministries of Transport and central government agencies of 27 countries. --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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