The electric energy prices for the residents consuming up to 300 kwh of power a month, which makes about 90% of population, will be reduced, Novosti-Georgia cited Georgian Premier Bidzin Ivanishvili as saying.
"The prices will be reduced by 27% for the group of consuming less than 100 kwh of power a month and by 21.5% for the group consuming less than 300 Kwh," Ivanishvili said.
At present Georgia has differentiated prices for electric energy, which depend on the region and amount of power consumed per month. Therefore, Tbilisi residents consuming between 1 to 100 kwh power a month pay 13.48 tetri ($0.081), from 101 to 300 kwh - 16 tetri ($0.096) and 301 kwh and higher - 17,697 tetri ($0.11).
"We also discuss reduction of gas prices. We will provide more information in the nearest future," Georgian Premier said.-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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