The German company Rosen Group signed a contract to supply equipment for the commissioning and adjustment work of the company SPIECAPAG, which is the contractor for the construction of the onshore section of the Trans Adriatic Pipeline (TAP), designed to deliver Azerbaijani gas to Europe.
As reported on the website Rosen Group, under the contract the German company is to supply the necessary tools, equipment and accessories for the construction of 48-inch pipes.
Note that earlier French SPIECAPAG won the tender for the construction of a 185-km section in Greece, as well as two sites in Albania with a total length of 215 kilometers. -12D--
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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