The Supreme Court of Azerbaijan will consider a lawsuit by the Technical Pathways Site of the production association Aztelecom against JSC Bakyelektrikshebeke.
According to the legal information portal femida.az, the subject of the claim is the destruction of by energy workers (without authorization and documentation) of the protective band of the communication cable. In fact there is a third party - an investment LLC Bayholding Investment Limited.
Baku Administrative Economic Court No 1 partially granted the complaint of the signalers, which was also agreed to by the Court of Appeal.
If the Supreme Court of Azerbaijan upholds the decisions of the courts referred to, Bakyelektrikshebeke will demolish the transformer station built illegally and restore the cable at its own expense. - 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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