There is a close political dialogue between Baku and Berlin , said Azerbaijani Foreign Minister Elmar Mammadyarov at a meeting with German counterpart Walter Steinmeier.
Successive measures for diversification of Azerbaijan's economy were noted, and the importance of more active involvement of German companies in the country and investment was also noted.
Mammadyarov also pointed out the contribution to Europe's energy pipeline projects TANAP / TAP and the whole of the Southern Gas Corridor. Regarding the relations between Azerbaijan and the EU, Mammadyarov reiterated the intention of Azerbaijan Civil Aviation to resume negotiations with the European Commission on the "single common aviation area".
* In October 2001, the European Commission adopted a proposal for the creation of the Single European Sky "United general aviation area and to create a single regulatory body for air traffic management in the EU, Norway and Switzerland. Negotiations on extending the initiative to the Balkans, the Mediterranean and other countries are ongoing. -06D-
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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