President Ilham Aliyev signed a decree on making changes in the II State Program of Privatization. The program includes a paragraph stipulating the nomination for the privatization of enterprises of standardization and metrology.
The right to the nomination of these enterprises for privatization belongs to the President.
The State Committee for Standardization, Metrology and Patents told Turan the decision is made to eliminate the conflict of interest, since the agency cannot deal with regulatory issues of standardization and metrology, and at the same time to carry out economic activities in these areas through belonging to it commercial structures.
This is the Experimental Test Center AzTEST LLC Azstandardinform at the Azerbaijan Institute of Standardization and Certification. --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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