Doctor of Economic Sciences Gubad Ibadoglu received an offer to become an advisor on reforms to the government of Kyrgyzstan.
As reported by the non-governmental Centre for Economic Research, an expert of the National Budget Group has made ??the initiative by conducting trainings on budget programming during a visit to post-Soviet country from 11 to 16 September. In Bishkek, a practical course attracted 55 executives from the Ministry of Finance (including the head of the main budget management), other ministries and departments of the fiscal direction, Parliament and the Court of Accounts.
During his November visit, he will hold a lesson on transparency and efficiency of the proposed state budget. The Ministry of Finance of Kyrgyzstan, in contrast to the Azerbaijani counterparts, has provided him with all the basic parameters of the law of income and expenditure for the following year. - 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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