The National Confederation of Entrepreneurs (Employers) of Azerbaijan (ASK) completed a twinning project for the promotion of exports. ASK was held yesterday in the final meeting on the results of this project.
The project, which started in March 2012, was attended by more than 50 small and medium-sized enterprises operating in the field of agriculture, ICT, logistics and so on. The program had an opportunity to take part in various international exhibitions and seminars.
The project was implemented with the assistance of "Bildungsuerk der Wirschaft" (Germany), ACC1O (Spain), the Fund for the promotion of exports and investment in Azerbaijan (AZPROMO) and other national and international agencies. 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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