The Road Passenger Traffic Department has been created at the Gandja City Executive Power.
Gandja has become the third city, where regulation of urban road traffic has been entrusted to the local executive authority. It was previously arranged by the State Road Transport Department at the Ministry of Transport. The transfer of this authority to the executive power was first undertaken in the cities of Sumgait and Baku.
So far, the executive authorities of Sumgait and Baku have not reported to the public on the steps taken. In Sumgait the road transport is completely in the hands of private entrepreneurs. In Baku, in addition to a dozen businesses and individuals, passenger bus services are provided by two state-run carriers. One of them (Ltd. Organization for Passenger and Freight Transportation) is under the jurisdiction of the Ministry of Transport, while the other (LLC Baku Bus) is under the jurisdiction of the Executive Power of Baku.
In Azerbaijan municipalities are not legally endowed with special powers for local government. Experts regard them just as an appendage to the local executive authorities. --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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