February 29 a meeting of the Advisory Board of the Southern Gas Corridor started in Baku with the participation of the President of Azerbaijan.
The Council's work also involves the Ministers of Energy of the states of the Southern Gas Corridor, including the Vice-President of the European Commission on Energy Maros Shefkovich, Turkish Energy Minister Berat Albayrak, the special representative of US State Department Amos Hockstein, Special Representative of the UK Energy Edmund Hosker, Secretary of State of Italy Claudio De Vincenti, etc. .
Following the meeting, the Minister of Energy of Azerbaijan Natig Aliyev and the European Commission Vice-President for Energy Maros Shefkovich will make statements for the press.
As expected, the meeting participants will discuss the prospects and practical issues relating to the functioning, security and development of the Southern Gas Corridor.
As expected, it will focus on how to connect Iran and Turkmenistan to the corridor for the purpose of supply of natural gas to Europe. -02D-
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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