On June 16 the Iranian "ATA Airlines" performed the first flights: Tehran-Baku-Tabriz and Tabriz-Baku-Tehran.According to the Iranian Ambassador to Azerbaijan Mohsen Pakain, these flights will be operated twice a week - on Mondays and Thursdays. The airplane "Airbus 320" will take off at 12:15 from Tehran and arrive in Baku at 13:30. After half an hour the plane will fly to Tabriz. After some time, it will return to Baku, and at 18:00 will fly to Tehran, the ambassador said. The ticket price will be 180 manat, the ambassador said, adding that opening one more flight between Baku and Mashhad is expected by the end of the year. -02D-
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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