The British capital is a traditional leader on the level of foreign investments (including international financial institutions) into the local economy. It was the same from January to May.
Thus, according to State Statistics Committee, the British invested the equivalent of 651 million 158.8 thousand manat (31.8% of the total, with growth of 55% in comparison with the results of January-April of last year). Norwegians invested 286 million 62.4 thousand manat (+ 16.2%), and there was the highest increase regarding businessmen from Turkey (+ 83.4%), which turned out 265 million 694.7 thousand manat.
In general, the volume of foreign investment in the local economy in January - April 2015 amounted to 2 billion 47.11 million manat (+ 41.9%). --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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