The President Ilham Aliyev signed two decrees regarding the increase of products of animal origin, improvement of livestock breeding and food security of the country.
The President signed a decree on the allocation from his reserve 13.5 million manat "Agroleasing" to import from abroad breeding animals and selling them by the lease with a 50% discount to agricultural producers.
Ministry of Agriculture allocated 1.5 million manat for the reconstruction of the artificial insemination center.
Pursuant to Clause 32 of Article 109 of the Constitution, in order to meet the needs, Ilham Aliyev signed another decree on allocation 15 million manat for "Agroleasing" to purchase grain combiners.-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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