The government has officially set a limit for individuals carrying gold and diamonds in their baggage through customs.
The Cabinet decision to amend the "Rules of the simplified movement of goods by individuals not intended for industrial or commercial purposes through the customs border of Azerbaijan" has been published in the official press. According to the document, no more than 20 grams of gold and gold products can be carried through customs for personal use without paying duties from today on. The same applies to diamonds - but not more than 0.5 carats.
The supplement has been included in the list, which features restrictions on cigarettes (600 pieces), alcoholic beverages (3 liters) and fuel for cars provided by the technical passport. --17D-
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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