Small and medium-sized private enterprises due to start next year, will be brought up to the state level.
As journalists Deputy Minister of Communications and Information Technologies Elmir Valizadeh, support function will take on the ICT Development Fund, created by presidential decree on 15 March this year, the establishment of this organization in the ministry.
Constituent documents, Fund earns revised statutes and regulations on business. Providing companies issuing soft loans and grants for projects is a major challenge posed by the structure. Incentives provided by the government, significantly ease the situation of local communicators from the private sector.
Also provided is direct financial assistance to authors of "hot" business ideas. In addition, the fund will be administered by the practical training, including overseas. -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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