On 26 November Baku Business Center is to host the Azerbaijani-Serbian business forum.
Event with the participation of businessmen of the two countries, organized within the framework of the 2nd meeting of the intergovernmental commission on trade and economic cooperation, which will be held the next day.
The Fund for Export Promotion and Investment in Azerbaijan (AZPROMO) told Turan that the forum will be attended by representatives of various Serbian companies operating in the food industry, agriculture, engineering, construction, tourism, transport, construction and repair of cars, packaging, etc. On the Serbian side the forum will be attended by over 20 companies. All in all bilateral meetings are expected to attend about 90 businessmen told Turan in the press service of the Ministry of Economic Development.
This year Azerbaijan has exported almost nothing to Serbia. Imports of goods from that country amounted to $ 21.5 million, which is 13 times more than in January-October last year. - 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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