With the reduction of budget revenues, the flywheel of tightening penalties is spinning.
The Milli Majlis at the next meeting will review the excess of the permissible speed at traffic rules, as provided for in the draft new edition of the Code of Administrative Offences.
The text has been proposed by the Administration of the President (Article 328). For exceeding the allowed speed by 10-20 km / h the offender will be fined in the amount of 10 manats, 21-40 km / h - 50 manats, 41-60 km / h - 150 manats, more than 60 km / h - 250 manats.
Under the current Code, speeding 10-30 km / h entails a fine of 15-20 manats, 30-60 km / h - 20-40 manats and more than 60 km / h - 40-60 manats. --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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