At the invitation of the Ministry of Agriculture, the 3rd coordination meeting of donors will be held in Baku on June 6 with the assistance of the European Union’s Azerbaijan representation.
The press service of the Ministry told Turan the purpose of the meeting is to discuss the ongoing agricultural projects in the country, trends in the agricultural sector and further areas of cooperation.
The donors' meeting will be attended by representatives of over 20 international organizations and communities, including the World Bank, EBRD, UNDP, IFC, the European Investment Bank, the Islamic Development Bank, the American Chamber of Commerce in Azerbaijan, the ambassadors of 10 countries, etc.
Currently, the Ministry of Agriculture implements several agricultural projects with financial and credit support of the World Bank, the IDB, and the International Fund for Agricultural Development of the United Nations. ---08D
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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