On June 30, American Chamber of Commerce in Azerbaijan (AmCham) in Baku will organize a picnic on the occasion of U.S. Independence Day, to which it invited 1,600 guests. The party will begin at 17:00 and continue until the morning.
The official speeches will be made by the Acting U.S. Ambassador in Baku, Adam Sterling, and the President of AmCham, Daniel Matthews. The press service of AmCham told Turan, which prepared a grand show, which will end with fireworks and a disco.
The seventeenth in a row picnic is funded by several companies, some of which are local organizations (Pasha Bank, Nar Mobile, Gazelli, Excelsior, Landmark, Park Inn, Hilton, etc.). - 08D-
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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