JSC "Georgian State Electricity System" is serving as a transit corridor in both directions - from Russia to Armenia and from Azerbaijan to Turkey. According to Turan, with reference to the portal "Georgia Online", on 5 February began the transit of electricity from Russia to Armenia, where the daily average of 30 megawatts of power being transferred. On 7 February began the transit of electricity of about 80 megawatts from Azerbaijan to Turkey.
As a result of the two transits Georgia each month will receive about 1 million lari income (about $ 250 thousand, at the current rate)," stated in the "State electric power system of Georgia."
* According to the instrumentation of the State Customs Committee of Azerbaijan, on the results of 2015 Azerbaijan exported 212.5 million kW / h of electricity. -12D-
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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