Today the Cabinet of Ministers of Azerbaijan has sent in its resignation. This is connected with commencement of execution of duties by Ilham Aliyev as President of Azerbaijan Republic (his third presidential term).
According to the article 116 of the Azerbaijan Constitution, since beginning of execution of duties by the newly elected president the Cabinet of Ministers must send in its resignation.
The Azerbaijan Cabinet of Ministers consists of 45 agencies: 20 Ministries, 12 state committees, 4 state agencies, 2 state administrations, 3 state services, 2 state commissions and 1 national administration.
The former head of the Cabinet of Ministers Artur Rasizada, who now acts as Premier, headed the government since 1996.—0—
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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