From January to July 2016 Azerigas, gas distribution company of SOCAR, has supplied with gas 125 settlements, SOCAR reported.
“During this period 6,681 km of new gas pipelines have been laid and 197.5 km of gas pipelines have been repaired to expand capacities of the gas transportation network and supply the settlements with gas. As a result of the done works, from January to May 125 settlements have been supplied with gas,” said the same source.
The works were a part of the state program of socio-economic development of Azerbaijani regions from 2014 to 2018 and the state program of socio-economic development of Baku’s suburbs from 2014 to 2016.
In 2015 Azerigas supplied with gas 430 settlements.—0—
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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