In Baku on November 16 an agreement was signed on the realization of the project "Strengthening phytosanitary inspection and diagnostic services in Azerbaijan", which will be funded by the Food and Agriculture (FAO) of the United Nations.
The document was signed by Minister of Agriculture Heydar Asadov and FAO representative in Azerbaijan Mustafa Imir.
The project consisting of three components is aimed at improving the phytosanitary control over the production of agricultural products and providing diagnostic services at customs points. For this purpose, the necessary diagnostic equipment will be supplied.
The term of the project is 2.5 years. The cost of the project is not reported.
It should be noted that in October the Ministry of Agriculture and the FAO signed another agreement to support the development of cattle breeding and artificial insemination services. -----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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