In the framework of the development of the draft law "On state support of agricultural insurance" government will attract leading foreign experts to the development of insurance Agricultural industry, said Minister of Finance Samir Sharifov, AR, opening the VI Azerbaijan International Insurance Forum.
"We are interested in preparing a credible strategy for the development of agricultural insurance, which will contribute to the development of the agricultural sector and the real support of farmers", he said, recalling that developed by the Ministry of Finance together with the Ministry of Agriculture of the law "On state support of agricultural insurance" will soon pass approval to the government and It will be submitted for consideration by Milli Majlis. --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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