In January-February Azerbaijan produced materials in the amount of 59.6 million manat (+ 24% by March 1 of last year).
According to the State Statistics Committee, decline was recorded in the production of concrete structures - 2.6 thousand cubic meters (minus 60.6%) and asphalt - 38.1 thousand tons (minus 9.8%).
On other positions there was an increase - produced 375.5 thousand tons of cement (+ 14.9%), 32.8 thousand tons of plaster (+ 10%), 1 thousand 467 thousand tons of processed marble, travertine, alabaster and products thereof (3.1 fold increase). In addition, there was produced 39.2 thousand cubic meters of building bricks - (+ 19.5%) and ready-mixed concrete - 208.7 thousand tons (+ 35.9%). --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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