Today the Baku Business Center hosted the Azerbaijani-Czech business forum with participation of representatives of companies from Prague, organized in the framework of the visit of the Deputy Minister of Trade and Industry of the country, Jiri Havlicek.
The Fund to Promote Azerbaijan Export and Investment (AZPROMO) told Turan that the forum was attended by representatives of 11 companies from the Czech Republic, working in finance, the environment, construction, forestry, industry, energy, etc.
April is full of current business activity of foreign business circles in Azerbaijan. Yesterday with the assistance of AZPROMO a business forum was held with businessmen, who arrived from Spain. And on the 29th of April it is scheduled to meet with business people from Belgium, which represent areas of business such as consulting, industry, energy, agriculture, etc.
In April Baku has also conducted business forums with businessmen from Russia (Stavropol and the Ulyanovsk region), Montenegro, the Netherlands and Cambodia. - 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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