Doors open to the Azerbaijani Foreign entrepreneurs in the ICT sector. Today, this idea is expressed at the Azerbaijani-Latvian business forum by President Ilham Aliyev.
According to the President, in the highest priority for the economy there will be, along with the oil projects, information and communication technology as well as services, tourism and industry. He placed at the center of economic diversification, and the creation of industrial zones, along with the rules, providing many advantages in heavy industry. In addition, he drew attention to the new export opportunities due to preferential tax treatment.
The President of Latvia Andris Berzins emphasized a partnership in the sphere of high technologies. - 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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