Yesterday Ilham Aliyev received a delegation of the Organization of Entrepreneurs of France - MEDEF.
He said French companies are actively involved in the field of air and public transport, space and energy.
The first and second Azerbaijani satellites are created by the French, and there are projects in agriculture. The creation of the Azerbaijani-French University is underway. The Paris Quarter in Baku is built within the White City project, Aliyev said.
He called on French businessmen to invest in the non-oil sector of Azerbaijan, noting that all the necessary conditions have been created for foreign investors.
He promised that the government will continue to support the private sector and will improve conditions for foreign investors. -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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