Azerbaijan for energy cooperation with the European Union and became the first country which had to put forward the initiative to deliver Caspian hydrocarbons to world and European markets, said the President Ilham Aliyev at the end of negotiations with the EU Council President, Herman Van Rompuy.
According to Aliyev, Azerbaijan will continue to participate in providing the energy security of European partners.
Speaking about the new fields of Azerbaijan and the value of the pipeline TANAP, Aliyev said that these projects are designed for decades, maybe centuries.
With regard to the Karabakh conflict, Aliyev pointed to Armenia’s ignoring the UN Security Council resolutions on the necessity of liberation the occupied territories of Azerbaijan. -06D-
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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