Azerbaijan-Italian business forum will be held on December 6 in Baku Business Center with the organizational support of the Promotion of Exports and Investment in Azerbaijan (AZPROMO).
The press service of the Ministry of Economic Development told Turan that during the bilateral meetings they will discuss the possibility of expanding ties in the industry (furniture, jewelry, etc.), construction, ICT, banking and tourism.
About 30 Italian companies will participate in the Forum in Baku.
The State Customs Committee of Azerbaijan said for 10 months of 2012, exports of goods (mainly oil) from Azerbaijan to Italy was marked at $ 4,490.6 million, representing 55.5% of the figure for the same period of 2011. The share of Italian exports of Azerbaijan for the period was 22.75%. Italy has a solid place in the geography of imports in Azerbaijan (2.5% of total imports). Over the period of the year Italy supplied goods totaling $ 190.9 million to Azerbaijan, which is 0.5% less than in January-October 2011. - 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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