City Gabala in the north-west of Azerbaijan on May 25 will host a business meeting at the level of the economy of Azerbaijan, Turkey and Georgia, which will be discussed further expansion of economic relations between the three countries.
This is the third trilateral meeting. Earlier, a meeting of business people of the three countries took place in Tbilisi and Kars.
According to the State Customs Committee of Azerbaijan, in January-April 2013, the trade turnover between Azerbaijan and Georgia amounted to $ 245.8 million (as compared to the same period in 2012 grew by 6.7%), and with Turkey - $ 617 million (- 7%). -08D-
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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