Azerbaijan invited the Croatian companies to invest in agriculture, tourism, technology and chemical industry. This was said at the Azerbaijani-Croatian business forum by the head of the Azerbaijan Fund for Export and Investment Promotion (AZPROMO) Rufat Mammadov.
The business forum is held within the visit of the President of Croatia Kolinda Grabar-Kitarovic to Baku.
Addressing the event, the President of the Economic Chamber of Croatia Luka Burilovich reported that exports from Croatia to Azerbaijan amounted to 396 million dollars in 2015, which is 14% more than in 2014 year. Azerbaijan exported to Croatia goods in the amount of 392 million dollars.
During the visit, the President of Croatia also met with the President of SOCAR Rovnag Abdullayev and told him that in Croatia they are looking forward to the delivery of Azerbaijani gas to the Balkan countries through the Ionian - Adriatic Gas Pipeline.
Rovnag Abdullayev, in turn, said the Memorandum of Understanding between SOCAR and Croatia, Albania, Bosnia and Herzegovina and Montenegro on the construction of Ionian - Adriatic gas pipeline (IAP) was an important step for the energy security of the region. -71D-
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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