The following year, JSC Irrigation and Water Management will receive from the state budget 50 million manat to improve the logistics. This amount is unchanged from 2011.
Overall, in 2016 the Ministry of Finance costs to meet the needs of the state monopoly will make 290 million 386.6 thousand manat. Of these, the salary will be 56 million 259.6 thousand manat (+1.5% as compared to this year), the purchase of goods and services - 153 million 558 thousand manat (+1.5%), the purchase of intangible assets - 15 million 45 thousand manat (minus 52%), other expenses - 15 million 403.1 thousand manat (minus 18.1%), and the payment of allowances - 120.9 thousand manat (+ 7.4%). --17D-
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