Foundation for Export and Investment Promotion in Azerbaijan (AZPROMO) has prepared a new catalog of investment projects, the financing of which foreign investors may also be involved. The catalog includes 65 projects in all priority areas of the real sector: agriculture, industry, energy and alternative sources of renewable energy, tourism, ICT.
The AZPROMO statement noted that the directory is represented by foreign investors during the meetings and events, both in Azerbaijan and abroad.
Catalogue of investment projects is formed on the basis of proposals from private investors. AZPROMO (a structure of the Ministry of Economy) is preparing the catalog for many years. --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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