On April 1, CJSC Azerbaijani Railways (ASR) reduces the cost of travel by high-speed train Baku-Tbilisi by an average of 20%. The press service of ASR explained this step with the depreciation of the Swiss franc relatively to the Azerbaijani manat.
The ticket in a compartment car will cost 10 manat cheaper - 35 AZN 32 gepiks, economic-class car - 24.5 manat (- 5.62 AZN), and special car - 58.4 manat (- 25.3 AZN).
High-speed train №38/37 runs between Baku and Tbilisi on a daily basis. It is used not only by citizens of the two countries, but also those of third countries. ----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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