The Ambassador of Japan to Azerbaijan Tsuguo Takahashi at a meeting with the delegation of Caspian Energy International Media Group outlined the priorities of bilateral cooperation in the field of non-oil economy.
According to him, in view of the construction of a plant to assemble Isuzu trucks, other Japanese investors are also eyeing the pace of improvement of the investment climate in Baku and beyond. "Official Tokyo has invested soft loans in the construction of thermal power plants, so the sixth part of the local electricity is produced with the support of the Japanese government," said Takahashi, recalling that his country is totally dependent on imports.
The Ambassador recalled that Japan buys 8% of its oil from Russia, and the rest - in the Middle East, so they are interested in the development of the Caspian oil, and added the wish of the imminent visit of a high-ranking delegation from Tokyo to Baku. --17D-
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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