Employees of the State Service for Antimonopoly Policy and Consumer Protection of the Ministry of Economic Development (MED) identified in the settlement of Baku Pick another shop counterfeit electrical cables and wires, which is owned by an individual Ulvi Alishov. Turan was told in the press service of the Ministry of Economic Development. In the last decade of May, there was reported the discovery of such a plant belonging to Vagif Guliyev.
The message of MED indicates that the electric cables and wires were presented to consumers under the Turkish brand IEGE Kablo, Umid Kablo, STS Kablo and IES Kablo. In this case, the goods do not have a certificate of conformity to state standards, although their labeling provided false information about it. In the workshop, it was discovered 175 thousand meters of counterfeit goods, the sale of which was suspended.
For violation of antitrust policy they have instituted administrative proceedings. According to the law the offender will be fined and the counterfeit products will be withdrawn from the market. - 08D-
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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