Azerbaijan for the first time has been included in the rating of International Property Rights Index compiled by the international organization Property Rights Alliance.
Of the 129 countries included in the list, Azerbaijan is on the 103rd spot, and with long-standing problems. Thus, the piracy rate is 85%, which violates the right to intellectual property, which gave the minimum 1.5 points and 95th place out of 105 possible.
Almost the maximum score of 9.7 points out of 10 was received in the category of "Registering property" (20th place among the 129).
There is poor control of corruption - 3.2 points and 110 place among 129 countries. Below the average is political stability in the country - 4.2 points and 81 among 129 countries. Even worse is the case with the independence of the judicial system - 3.6 points and 88th place among 129 participants in the rating.
By the way, ahead of us are Armenia - 94th and Georgia - 95th final places. Russia has 81st, and Turkey - 58th place. The worst position among the CIS countries is of Ukraine - 109th place.
Ahead are Finland, Norway, New Zealand, Luxembourg and Singapore. --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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