The governmental delegation headed by Minister of Economy Shahin Mustafayev will visit Iran on a working visit on February 22-24.
According to the press service of the Ministry, the delegation, which also will include representatives of business, plans to visit the cities of Ardabil and Urmia. There will be held a business forum with the participation of the local business community. These cities are inhabited mainly by ethnic Azeris.
In 2016 the trade turnover between Azerbaijan and Iran exceeded 210 million. The deficit of the Azerbaijani trade with Iran amounted to $ 111.4 million, according to the State Customs Committee. At the same time, imports rose by 78.1%, while the export of Azerbaijani goods to Iran rose by 45%. --08D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review