Today in Baku was the second meeting of the Azerbaijani-Serbian intergovernmental commission, which discussed a wide range of trade and economic relations between the two countries.
Co-Chairman of the Azerbaijani side, Minister of Economic Development Shahin Mustafayev said Azerbaijan attaches great importance to the expansion of trade relations with Serbia. The increase by 15 times of the trade between the countries in January-September 2012 shows tremendous potential. The Minister noted that public and private entities of the two countries can develop links in the construction of infrastructure, agriculture, health, education, ICT, energy, environmental protection, energy, tourism, etc.
Deputy Prime Minister of Serbia Rasim Ljajic said that Serbia is interested in the development of trade and economic relations with Azerbaijan.
Following the meeting, a protocol was signed to discuss a range of issues. - 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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