The pricing policy for food products sold in Azerbaijan will depend on the exchange rate of the manat against foreign currencies and will be determined based on supply and demand. This statement was made by Group Veyseloglu, which is one of the leading manufacturers and suppliers of food products in Azerbaijan.
In a press statement it noted that any artificial increase in prices cannot be considered. "The current condition requires bringing the price policy in compliance with the exchange rate of the manat, as the new course made it difficult for us."
Veyseloglu Ltd. operates since 1994 and is a distributor of over 100 food items imported from 20 countries. The group also owns the chocolate factory Ulduz in Baku and the bottling plant of mineral waters Sirab.
According to the register of certificates of conformity, which is conducted by the State Committee for Standardization, Metrology and Patent, the group of companies Veyseloglu has the right to sell 194 kinds of food. 08D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review