Ramil Osmanli succeeded MP Khanhuseyn Kazimli as chairman of the Society of Appraisers of Azerbaijan. The new head of the structure was elected at today's report and election conference.
His two deputies are also known - Chairman of the Board Irada Shukurova and Nusret Ibrahimov (CEO of the consulting company MBA Group). The composition of the Board expanded - there are not 15 members as before, but 19.
The report meeting began with demands for change - the participants were dissatisfied with the governance, in particular disparity of the national standards of property valuation with the standards worldwide. According to Nusret Ibrahimov, in there are about 80 evaluation methodologies worldwide, but in Azerbaijan there are only 3. In addition, the promised publication of 14 specialized books in this field has not been implemented.
The conference decided to develop a strategy for the development of the society, to ensure its membership in international associations and training of its members, according to the advanced standards. --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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