The partners of Azerbaijan in foreign trade operations from January to July were representatives of 137 states.
According to the State Customs Committee, traditionally the country's leading importer of energy is one of the hubs of the West Italy - its account comprises 23.93% of total exports ($ 11 billion 970 million 54.49 million). Then come Indonesia (11%), Thailand (9.33%), and Germany (6.93%).
Imports ($ 5 billion 174 million 468.21 million) has also habitually strong partners - Russia (14.41%), Turkey (13.75%), the UK (9.87%) and, again, Germany (6 , 76%).
Foreign trade operations in the reporting period involved in 3067 public and private companies, and 1719 physical persons. - 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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