Economists and entrepreneurs of the Russian Federation continue to expand the bridgehead in Azerbaijan. In the next bilateral business forum will participate the Udmurt Republic and the Kaluga region of Russia.
According to the Azerbaijan Export and Investment Fund (Azpromo), the event will take place on June 4 in the framework of the visit of the delegations of these federal entities to Baku.
The Business Forum will be held with the support of the Ministry of Economy and Industry. The organizer is Azpromo. The forum will be attended by Russian companies operating in different sectors of the economy.
This event is the fourth Azerbaijani-Russian business forum held in Baku this year. - 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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