On October 19 the Cabinet of Ministers introduced changes to the rules of trade, public catering, household and other services operating from April 3, 2014. The corresponding decision was adopted pursuant to orders of the President of Azerbaijan on January 16, 2014 on additional measures in improving agricultural and food products market activity.
The decision defines points of sale, including market, wholesale market, retail market, market of agricultural products, green market, farm shop, fair, and fair and sale of agricultural and food products. For example, a green market is a commercial property where the sale is carried out only for plants and products of plant and animal origin. At the same time, a green market should have a storage room, a laboratory and a private car park, as well as a place for the sale of certified ecological agricultural products.
Special distinction tables must be set in farm shops.
The decision gives the authority for the organization of trade fairs to local authorities. They prepare a special action plan for their organization. Fairs and sale of agricultural and food products are organized on the proposal of the Ministry of Agriculture on certain days (Saturday and Sunday, holidays and significant days). At the fairs there are scoreboards, which indicate the prices of products sold. These fairs are organized by the state budget. However, if the organizers of these fairs are individuals, they fund them. ---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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