The Azerbaijani-Belarusian business forum will be held in Baku Business Center on July 15. The forum is expected to involve representatives of about 10 public and private Belarusian companies.
Forum is organized by the Foundation for Promoting Export and Investments in Azerbaijan (AZPROMO) with the support of the Ministry of Economy.
The forum was last held in Baku in March 2015. About 60 representatives of the two countries' businesses participated in it.
According to the State Customs Committee of Azerbaijan, for five months of 2016 the trade turnover between the two countries amounted to $ 33.5 million, which is 16.3% more than in the comparable period of 2015. Exports ($ 8 million) increased by 3.4 times and imports ($ 20.8 million) fell by 33.4%. ----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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