Arxiv
The Baku Business Center will host the Azerbaijan-Czech Business Forum on January 17. It will take place in the framework of the visit of the Minister of Industry and Trade of the Czech Republic Jan Mládek to Azerbaijan.
The Foundation for Promoting Export and Investments in Azerbaijan (AZPROMO) said the forum will be attended by representatives of the real Czech sector (agriculture and food industry, finance and insurance, engineering, petrochemicals, energy, glass manufacturing, logistics, construction) and legal companies.
During the first 11 months of 2016, exports of goods to the Czech Republic ($ 214,200,000) decreased by 56.5%. Azerbaijan imported goods from the country in the amount of $ 97.8 million, which is 76.4% more than in January-November 2015. --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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