Azerbaijan intends to import and sell 700 million packages of tobacco products, as well as 20 million different units of alcohol containers, including beer, this year.
This became known after the Ministry of Finance of Azerbaijan announced a tender for the production of 1 billion 122 million excise stamps.
According to the request for excise duty stamps, local producers plan to release 150 million bottles of local beer and 50 million bottles of other alcoholic beverages, plus 200 million packs of tobacco products and 2 million ethyl alcohol bottles.
The competition conditions provide for the production of high quality grades of paper that conform to international standards with a hologram. The applicants are supposed to be wealthy and to submit a certificate stating that they had no solvency problems in the last financial year.
The one-time registration fee is low for this kind of order - 2 AZN. The proposals will be accepted until May 24, and on the following day the tender envelopes will be unsealed. --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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