Azerbaijan has occupied the 81st place in the Energy Stability Rating of The World Energy Council (WEC) among 129 world countries. The rating is available at the official web site of the Council.
The WEC report reads that the index is based on the comparative analysis of the energy situation in the country and three factors, including energy safety, accessibility of power to population and environmental safety of the energy field.
The countries have been rated from A to D depending on their successes and Azerbaijan has gotten a total BCD rating.
According to the report, Azerbaijan occupied the 32nd place on energy safety, being ahead of Armenia (95th place) and Georgia (106th place). Turkey has occupied the 64th place on the list.
Azerbaijan is on the 74th place in the rating of accessibility of power to population. Azerbaijan has occupied the 98th place in the environmental stability rating.
Five countries have the AAA rating this year: Switzerland, Denmark, Sweden, UK and Spain.
WEC is the UN accredited agency and it unites the leaders and experts in field of energy promoting accessible, stable and environmentally clean power systems.—0—
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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