In September, Azerbaijan and Kazakhstan to Discuss the Possibility of Growth of Their Economic Ties
The next session of Azerbaijan and Kazakhstan on trade and economic cooperation will be held in Astana on September 12-13.
Speaking to reporters, the Ambassador of Kazakhstan to Baku Serik Primbetov said the session will consider the issues of trade and economic cooperation, transport, health, environment, agriculture, education, tourism and culture.
The diplomat's meeting with local journalists was dedicated to the 20th anniversary of diplomatic relations between the two independent states.
According to the Ambassador, this year another event is also scheduled for the development of the bilateral ties - 19-22 November Baku will host Days of Culture of Kazakhstan. -17D-
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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