November 19th, the headquarters of the European Bank for Reconstruction and Development (EBRD) will host the Day of Azerbaijan.
According to the website of the Ministry of Economy and Industry of Azerbaijan, an event organized by representatives of the Ministry, the country's embassy in the United Kingdom and the European Azerbaijan Society .
The head office of the Bank besides the Azerbaijani representatives and the said bank will be visited by representatives from the business community and government agencies in both countries.
Friends of Azerbaijan will become familiar with the economic achievements of the country. There will be a presentation, a concert and dinner.
Immediately after the presidential elections on 9 October this year, the Alliance Azerbaijan-America organized a similar presentation under the patronage of Anar Mammadov - the son of the Minister of Transport Ziya Mammadov. This time hospitality for the government's account has been entrusted to Taleh Heydarov - chief of the European Azerbaijan Society and the son of another oligarch - Minister of Emergency Situations Kemaleddin Heydarov. - 17D-
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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