On August 1, 2016 Russian car owners will be able to enter the territory of Azerbaijan with the Russian insurance certificate "Green Card". The relevant agreement within the international motor third party liability insurance "Green Card" was signed by the Russian Union of Insurers and the Bureau of compulsory insurance of the Republic of Azerbaijan, informs banki.ru.
For entry will be valid as new sample cards (with "AZ" cell - the "Green Card" Azerbaijan in Section 8), and the old - without a cell, according to a union statement. Date of issue of the "Green Card" does not matter, as long as the insurance period covered dates. Similarly, at the territory of Russia will be recognized "Green Card" of Azerbaijan.
"Office of Azerbaijan joined the system on January 1, 2016 by the decision of General Assembly of the Council of Bureaux in the city of Sopot (Poland) on May 28, 2015 with the exception of its territorial competence of the Nagorno-Karabakh and seven surrounding regions, for which, according to the Azerbaijani Bureau application, there is no control of the government," reads the statement RSA.-0--
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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