Currently on a working visit to Italy, Ilham Aliyev was met by the Prime Minister of this country Matteo Renzi.
As stated in an official statement, during the meeting in the extended format Renzi noted the successful development of bilateral relations, describing them as partnership and advocated their deepening.
In particular, Renzi noted the importance of cooperation in order to implement the gas pipeline project TAP (Trans Adriatic Pipeline).
In response, Aliyev called the bilateral strategic partnership cooperation, which has been successfully developing in the political, economic, energy, cultural and other spheres.
There are good opportunities for expansion of ties in the fields of infrastructure, agriculture, pharmaceuticals, transportation, health care and other industries. -02D-
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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