Till the end of 2015 Azeristiliktajhizat open-type joint stock company (SJC) (state heat operator) will pay Azerigas (SOCAR’s gas distribution company) 5 million AZN as repayment of the debt for natural gas purchased last year, Akper Hajiyev, Azerigas President, told journalists.
“In 2015 Azerigas sold natural gas worth 13 million AZN to Azeristiliktajhizat. Total debt of Azeristiliktajhizat to Azerigas for this year is about 8.4 million AZN, of which 3 million AZN has been already paid and 5 million AZN will be paid till the end of December,” Hajiyev added.
He also said that the issue of repayment of the debt to Azerigas for gas purchased between 2011 and 2014 has been fully solved with Azeristiliktajhizat. We have worked out the schedule of the debt repayment and natural gas supply to all boiler houses of the company has been ensued,” Hajiyev added.
Total debt of Azeristiliktahjiizat to Azerigas is 43 million AZN, of which 33.5 million was accumulated between 2011 and 2015.—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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