In the first quarter of 2013 Azerbaijan State Caspian Shipping Company transported 3.2 million tons of cargo, which is by 3.6% less than in the corresponding period of last year. According to experts, this is due to objective processes in the market of cargo carriages.
The share of oil is 62.2% of freight, and dry cargo carriers - 37.8%. This year Kazakhstan has reduced the volume of oil transportation by sea. Due to the economic sanctions against Iran the indicators of supply of goods to the country dropped.
In 2012, the volume of cargo carriages in the Caspian navigation was 12,364.600 tons (-1.1%). 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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