On Friday ended a three-day visit to Kyrgyzstan of the Azerbaijani delegation headed by the President of JSC Azerenerji Etibar Pirverdiyev.
The Azerbaijani delegation also included representatives of JSC Azenco and JSC Expressbank.
During the visit, during a meeting with First Deputy Prime Minister of Kyrgyzstan Aaly Karashev considered the establishment of the Azerbaijan Investment and Commercial Bank of Kyrgyzstan, Kabar news agency reported.
During the meeting they discussed issues of joint investment projects in mining, energy, fertilizer plant construction in Kyrgyzstan, as well as the creamery construction.
In addition, the Azerbaijani side expressed interest in setting up production of import-substituting production in Kyrgyzstan.
The two sides also discussed the implementation of a joint project to build a Kyrgyz-Kazakh-Azeri oil refinery in the Kyrgyz Republic, and exchanged experiences in the creation of technology parks.
It is known that in 2012-2013 the Azerbaijani State Oil Company SOCAR build a refinery in the Kyrgyz Republic. The agreement was reached during the visit of Atambayev in Azerbaijan in April 2012. -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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