As part of the Azerbaijan International Conference "Telecommunications and Information Technology" BakuTel 2012 held in Baku Azerbaijan ICT Forum - USA, organized jointly by the Ministry of Communications and Information Technologies of Azerbaijan, American Chamber of Commerce (AmCham) and the Embassy of the United States Azerbaijan.
The parties signed a memorandum of cooperation in the sector of information and communication technologies between Azerbaijan and the United States.
The document signed by the head of Ministry of Communications Ali Abbasov and US State Department Coordinator for International Communications and Information Policy Philip Verveer.
The forum, which was attended by government officials and private sector representatives of the two countries, discussed the prospects of the development of relations between the two countries in the field of communications and information technology, by sharing their experiences. - 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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