As of 1 January 2015 Azerbaijan's foreign debt amounted to 5 billion 81.5 million manat ($ 6 billion 478,200,000), said the Ministry of Finance. During the year the burden of external debt increased by 328.3 million manat, or 6.9%.
Unlike previous years, the Ministry of Finance for about the last five years has not revealed the operations on the maintenance and borrowing of debts from foreign sources. According to the state budget for 2014, last year it was planned to spend 697.2 million manat on repaying the external debt, of which 492.6 million manat or 70.6% accounted for the principal debt. It is not known whether the Azerbaijani government bonds totaling $ 1 billion 250 million and placed in March 2014 were included in the total amount of the external debt.
According to the Ministry of Finance, as of January 1, 2015 about two-thirds of the foreign debt was borrowed in US dollars, Euros – 21.4%, SDR (Special Drawing Rights IMF) - 9.9%, etc.
Note that the external debt of the country per capita now stands at $ 675.3 that $ 63 or 10.3% more than in early 2014. -----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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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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