By the resolution of the Cabinet of Ministers the number of staff of the Secretariat of the Tariff (Price) Council of Azerbaijan increased from 30 to 33 people. The reasons for this step are not reported.
The TC Secretariat operates from March 2006. Initially, the staff was set at 25 persons. In 2015, they were joined by five people. In addition, the management uses 2 service vehicles.
In 2014, the TC was allocated 333.6 thousand AZN from the state budget, and in 2015 the figure was 415.1 thousand manats. This year, the costs of the Secretariat increased 13% (54 thousand manats).
The TC includes members of the government, which determine the tariffs (prices) for goods and services whose prices are regulated by the state. The TC under the chairmanship of the Minister of Economy meets not more than 3-4 times a year. ----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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