In order to improve the conditions of housing students a dormitory will be built in Ganja State Agrarian University for 1,200 people. For the design of the building the government has allotted AZN 150,000 to the executive power.
According to the adopted on November 29 order of the Cabinet of Ministers, the 12-storey residence will consist of five blocks, and will be built in Ganja at 102 Ozan Street.
Funds for the design of the building attracted by reducing funding for the preparation of design estimates of investment projects financed from the state budget.
Note that the government releases the student dormitories, temporarily settled by IDPs. For displaced families residential settlements are built in the surrounding villages of the capital. -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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