A loan of 300 million euros issued in February 2012 by the Azerbaijani Ministry of Economy to the government of Serbia has gained shape.
According to the Ministry of Economy of Azerbaijan, head of the department Shahin Mustafayev left for this country to participate in the opening of a car trunk road from Lig to Bolkovci, then to Takovo and further to Prelina. During the visit he will also meet with a number of officials to discuss the prospects of the bilateral economic relations.
Recall that the agreement for a loan of 300 million euros was signed between Shahin Mustafayev and ex-Foreign Minister of Serbia Vuk Jeremic. The funds are allocated for 15 years at an annual rate of 4%, with 3 years of grace period.
The general contractor of the project is the Azerbaijani company AzWirt. --17D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review