Baku hosts the 44th session of the ministerial meeting of the Organization of Railways Cooperation (ORC).
Judging by the statements of the Chairman of CJSC Azerbaijani Railways Javid Gurbanov, the Georgian section of the Baku-Tbilisi-Kars railway is actually completed and now the agenda includes landscaping of the adjacent territory and work in Turkey. If agreed, this section will be put in operation by the end of the year.
"That is, in the beginning of next year, the recipients will be able to get safe conditions for the delivery of goods in a short time and much cheaper than it is now. The project is regularly negotiated with different countries on the facilitation of cargo transportation through the territory of Azerbaijan, which will lead to significant increase in traffic," he said. --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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