In Azerbaijan it is harder to get information, according to official inquiries, said, speaking at the Black Sea NGO Forum in Bucharest, chairman of the Center for Economic Research, PhD Gubad Ibadoglu.
According to him, the last change to Article 4 of the Law of Azerbaijan "On Commercial Secrets" involves hiding data on participants (founders) commercial entities and their shares in the authorized capital of the enterprises.
This provision is in conflict with the early version of the law "On receipt of information." However, in this paper the parliament has amended the reaction, giving officials unlimited field for the refusal in the event that it is found that the request violates the public interest in the political, economic, defense, finance, social and moral values, the judiciary, health, reproduction, and so on.
According to the economist, the country has recently joined the International Partnership Initiative of open government should not violate the principle of openness. He urged NGOs Black Sea countries that are members of the Initiative, to join the multilateral cooperation and to work on improving the business environment in the region. - 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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