On November 28, 2013 Lithuanian Premier Algirdas Butkyavichus met with Azerbaijani President Ilham Aliyev, who has arrived in Vilnius to attend the Eastern Partnership summit.
Lithuanian President said that Azerbaijan is an important partner of the European Union and the cooperation must be strengthened on the basis of mutual interests, paying a special attention to energy and trade.
Butkyavichus expressed confidence that signing of the agreement on Azerbaijan’s association with EU will place the relationships between Azerbaijan and Brussels to the new level. “Azerbaijan and Lithuania have very active ties, trade turnover and investments between them grow. Lithuania is also interested in the energy cooperation,” Lithuanian government’s press office quoted Butkyavichus as saying.
Ilham Aliyev agreed that energy safety issues are very important and agreed to cooperation in this area.
The Eastern Partnership summit will take place in Vilnius on November 28-29, 2013.—0-
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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