Largest increase in the production of computers and electronic equipment is in the first half of the year
The economic block of Turan news reported, with reference to the State Statistics Committee, that for July 1 in Azerbaijan, taking into account the participation of individuals, were produced industry goods worth 16.9 billion manats (+0, 3% compared to the same period last year.)
The largest increase in non-oil sector experienced was observed in production of computers and electronics (21%). In addition, according to official statistics, from the production of non-oil sector, the largest increase was observed in food, beverages, leather and leather products, footwear, paper and cardboard. Growth of production was notedin the printing industry, chemistry, construction, metallurgy equipment, vehicles and trailers, and other automotive equipment, furniture and other products. - 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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