There is a hope that the new agreements on the Caspian Sea status will be reached at the summit , which is scheduled to be held in Russia next year, Azerbaijani Deputy Foreign Minister Halaf Halafov told journalists yesterday.
He said the Caspian Sea countries positions to the Caspian Sea status have become closer.
The working groups have been working on the draft document, which the presidents could sign at the summit in Russia. In quarter 1, 2014 the Foreign Ministers plan to meet before the summit to discuss the issues planned to be considered at the summit, Halafov said. He said the meeting of the working group will take place in Astana at the end of January.
In addition to the Caspian Sea status, the working group will discuss signing of the agreements on protection of biological resources and ecological issues. This is especially related to determination of the fishing zone.--0--
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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