Baku hosts the Azerbaijani-Dutch Business Forum. As the Deputy Minister of Economy Sahil Babayev said at the opening, the total volume of the Dutch investments in Azerbaijan reached $ 900 million. More than a third of that ($ 340 million) was in the last 3 years. Thus, the Dutch investors are in the fourth place for investments in Azerbaijan.
According to Babayev, the Dutch are also active as contractors - they implement contracts worth $ 180 million in recent years.
According to a member of the Senate of the Netherlands Rene van der Linden, they will contribute to the development of the economy of Azerbaijan through its diversification.
As a result of discussions between the parties (the province of Limburg and ADA University), a memorandum was signed on the establishment of the status of legal adviser of the joint business center, which is designed to provide services to overcome legal incidents when conducting joint business.
An intent agreement was also signed by Sumgait Chemical Industrial Park and the chemical park Chamelot, the Innovation Center ASAN, Nar Mobile, the development fund to support IT in the Ministry of Communications and High-Tech and the Azerbaijani-Dutch Center, as well as the Azerbaijani Steel Complex, Maastricht University and the University of Aachen (Germany). --17D-
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