Next week the Azerbaijani governmental delegation, which will be also comprised of SOCAR’s representatives, will visit Tehran.
Web site of the Azerbaijan Ministry of Economy and Industry reads that On August 3-4, 2015 Minister Shain Mustafayev will visit Iran.
The goal of the visit is to discuss the current state and the perspectives of bilateral ties and cooperation.
At present Azerbaijan carefully studies economic possibilities of its southern neighbor to take advantage of lifting of sanctions of Iran.
In his interview to ANS TV channel SOCAR President said that SOCAR could invest capital into the Iranian projects.—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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