British company Corporate Solutions proceeded to the active implementation of the project "Modernization of the Capital Market", being a consultant to the State Committee for Securities. Yesterday the representatives of these institutions met and expressed confidence in the role of the project feasible in the "development of the securities market and the formation of a high rate of effective infrastructure market."
The press service of the State Committee for Securities said that the Deputy Chairman of the Committee Ilgar Muradov received the head of Corporate Solutions Cayvan Adami. Despite the fact that the company Corporate Solutions was selected among many applicants to provide consulting services, SCS has failed to disclose information about the cost of the contract between the parties.
Note that the total cost of the project "Modernization of the Capital Market" is $ 15.8 million, of which the World Bank funds $12 million. Prior to that, the company Corporate Solutions worked with the Ministries of Finance and Transport, Baku International Sea Trade Port and other government agencies. - 08B-
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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