The Cabinet of Ministers adopted on June 21 a decree that Baku Metro was designated body responsible for the purchase of land in the state needs for three projects.
According to the document, for the construction of a new metro station at the address Jeyhun Salimov 1065th quarter (Nasimi district) it is planned to purchase 3.26 hectares. Also, for the construction of electric depot Dernegul and Khojasan there will be purchased respectively 17.09 and 21.91 hectares of land in the village Rasulzade (2126/27 quarter) and the eastern part of the road Khojasan-Lokbatan.
The government instructed the Baku Metro to implement preparatory work in conformity with the law "On the purchase of land in the state needs" and submit proposals in connection with this. 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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