![Azerbaijan - Portugal, "the game with only one goal"](https://turan.az/resized/750/500/resize/media/2012/main/062800004048.jpg)
Azerbaijan - Portugal, "the game with only one goal"
Azerbaijan could help Portugal to overcome the financial crisis. For this we need the government to provide credit and invest in state funds Iberian Caucasian entrepreneurs.
This was on Thursday business forum organized by the Local Fund Export and Investment Promotion (Azpromo), said Minister of Foreign Affairs of Portugal, Paulo Portash. In the event attended by about 20 Portuguese companies from such sectors as construction, ICT, food processing, chemicals, pharmaceuticals, equipment, etc.
The participants talked about the great potential of mutual trade turnover. However, the State Statistics Committee of AR suggests that the results of last year, bilateral trade turnover of goods between the two countries totaled $ 327.45 million, of which the share of exports (hydrocarbons) accounted for 322.26 million. During the first four months of this year the total of $ 175.28 million included $174.98 million for export of local natural resources.
Now, local economists and entrepreneurs will think over what direction the Portuguese economy, you can declare attractive to business and investment. By the way, the Minister of Foreign Affairs Portash suggested some directions. According to him, appealing to the western part of the Pyrenees are primarily energy, infrastructure and agriculture. - 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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