Energy cooperation must be free from political format and conjuncture, President Ilham Aliyev stated on Monday at a meeting of the Advisory Board of the "Southern Gas Corridor." Aliyev focused on the need for rapid implementation of the project "Southern Gas Corridor", and stressed that the removal of all obstacles needs unification of the efforts of all interested governments and the European Union. In turn, SOCAR’s President Rovnag Abdullayev said that Azerbaijan is ready to provide additional supply of up to 500 million cubic meters of gas to Georgia annually. Until now it was delivered up to 800 million cubic meters of gas, but managed to increase the volume of supply to 1.5 billion cubic meters, he said. -02D-
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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