Preparations for the opening of trade missions of Azerbaijan in China and the United Arab Emirates will be completed in the next 2-3 months.
Turan was told by Deputy Minister for Economy Sahil Babayev.
He noted that the Trade Representative of Azerbaijan in Russia has already been appointed by the President's decree.
“He has already started to hold meetings within his authority. We, for our part, are preparing the material and technical base of the trade mission,” Babayev said.
The Deputy Minister said it is the ministry's responsibility to organize the work of the missions, to form staff, and the appointment of the sales representative belongs to the powers of the President of Azerbaijan. -71D-
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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