As of 1 July 2013 the foreign debt of Azerbaijan amounted to the equivalent of 5.5 billion U.S. dollars. This is about $ 1 billion more than the beginning of July 2011.
The official source of external borrowing and external debt Azerbaijan last update was made in July 2011, according to which, the national debt was $ 4 billion 512.6 million. With the population of the country' being 9,164,000 people, the national debt per capita was $ 492.3. On July 1 this year, the figure reached $ 587.3, an increase of 19.3%.
It should be emphasized that the size of the foreign public debt is growing at a faster pace. For comparison, on the first January 2008 it was $ 2 441.9 million, or $ 283.9 per capita.
According to the law "On budget system ", the Ministry of Finance should disclose the size of the public debt on a quarterly basis.
According to the government, on July 1, the size of the external public borrowing amounted to $ 11.6 billion in the first half of this year. The government took advantage of the foreign debt of $ 442.5 million. - 08B-
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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