At today's meeting of the Parliamentary Committee for Legal Policy and State Apparatus, the draft law on the establishment of the Order Labor was reviewed and approved.
According to the head of the Committee Ali Huseynli, the Committee should support the Azerbaijani President's initiative to mark the achievements of advanced workers in all sectors of the economy. Judging by the project, the country will again receive Heroes of Labor. The Order of Labor of the first degree is made of gold. It is planned to establish the order of three degrees - the second will be made of silver, and the third - of bronze. In all three cases, they will be shown an eight-pointed star and crescent.
The document was submitted for discussion during the next plenary session of Milli Majlis. --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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