In Riga, the VI meeting of the Azerbaijani-Latvian intergovernmental commission on economic, scientific-technical and cultural cooperation was held, said the Azerbaijani Embassy in Latvia.
Another EU country offers official Baku cooperation in the areas of clean technologies, food processing, pharmaceuticals, and health tourism. According to the Minister of Transport of Latvia Uldis Augulis, the priority directions of economic partnership include increase in the bilateral trade, joint investment projects, effective use of international transport corridors, and communication in the fields of education, agriculture, construction, tourism and health. In addition, Azerbaijan is an important partner of Latvia in the field of transit and logistics, as both countries are an important transportation artery and part of the new transport corridors Silk Way and North-South.
According to the State Statistics Committee, last year the trade turnover with Latvia amounted to $ 9 million. Azerbaijan has 20 companies with Latvian capital, specializing in trade, industry, construction and services. --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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