A three-day 10th annual conference of the Partnership Programme in Customs Academic Research and Development (PICARD) the World Customs Organization started in Baku.
The event was opened by Deputy Prime Minister Abid Sharifov, the Secretary General of the World Customs Organization Kunio Mikuriya, and the Chairman of the State Customs Committee Aydin Aliyev.
The Nobel Prize-winning Professor at Harvard University (USA), Eric Maskin spoke on Why Global Markets Failed to Reduce Inequality in the Developing World. The following presentation was made by the Director General of the International Centre for Tax and Development Mick Moore (UK) on International Cooperation: Comparative Characteristics of Trade and Taxes.
The agenda includes plenary sessions Factors Stimulating Customs Officers and Global Supply Chains. Tomorrow is planned report by the Nobel Prize winner, Professor at Arizona State University (USA) Edward K. Presсott. On the final day there will be a keynote address by Nobel Laureate, Professor, University of California Finn Kydland.
On September 11 Baku will host the official opening ceremony of the Regional Office of the International Network of Customs Universities (INCU). --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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