Bilateral talks start between Azerbaijan and Russia on mutual recognition of customs control in respect of fruit and vegetables. Yesterday this order (http://government.ru/media/files/5ZzXsvfRToejuulpTjRjojriGTpm79Ai.pdf) was signed by the Russian Prime Minister Dmitry Medvedev.
In the case of unification of customs procedures between the two countries businessmen's transaction costs will be reduced by half, which will reduce the final cost of goods. It is an export of live trees, plants, flowers, herbs, fruits, vegetables, nuts, processed products and various foods. This means that if the local customs pass a shipment, the Russian side will not examine it in the case of advance transmission of information and provision of documents drawn up in accordance with the requirements of the protocol.
Russian experts believe that the Azerbaijani products are cheaper than their Russian analogues and our country could become an additional source of food for the Russians. --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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