The Maserati showroom opened in Baku, on Ataturk Avenue today. These Italian cars, as opposed to mass-produced goods, are exclusive brands, which are produced not more than 10,000 units per annum.
The official representative of the car company in Azerbaijan, Crystal Motors offers customers two models of Maserati - GranTurismo Sport and GranCabrio Fendi. In Baku, the models are, respectively, 160,000 and 140,000 manat. According to the Maserati brand manager in Baku, Huseyn Makhmudov, this year GranTurismo Sport was released only in 50 copies. Azerbaijan is the only country in the former Soviet Union, where motorists can see this model
Crystal Motors Company is also a distributor of Jaguar, Range Rover, Land Rover, as well as the motorcycle Ducati.-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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