July 4, President Ilham Aliyev attended the opening of a tunnel near the village of Bilga, which is part of the project of reconstruction of the road Novkhani Bilga-Sumgait. The length of the tunnel is 566 meters, the length of the covered part is 65 meters, and the width is 23 meters.
Then, Ilham Aliyev got acquainted with the project of reconstruction of the second part of the road-Novkhani Bilga-Sumgait. The total length of this section of the 6-lane road is 28 kilometers. Along the route it is planned to build 12 bridges and overpasses. The main purpose of this road is to connect the Baku International Airport with settlements in the north-eastern part of the Apsheron peninsula and the highway Baku-Guba. At the same time, the new line will allow residents of these settlements to travel on the road Baku-Shamakhi without going to the capital. -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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