Today, January 17 the Baku Business Center hosted the 7th in a row Azerbaijani-Czech business forum in which issues of bilateral cooperation were discussed.
Besides 160 business representatives of the two countries, the forum was attended by the Minister of Industry and Trade of the Czech Republic Jan Mládek. The companies represented the agricultural, industrial, financial and social sectors, the construction sector, logistics, etc.
Azerbaijan has 19 companies with Czech capital, Economy Minister Shahin Mustafayev said at the forum. According to him, the Czech Republic has invested $ 1.3 billion in Azerbaijan’s economy. Czech companies are contractors 6 projects totaling $ 1.6 billion.
Tomorrow Baku will host the fourth meeting of the intergovernmental commission of Azerbaijan and the Czech Republic. -----08D
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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