In November of this year, producer prices of industrial products in Azerbaijan decreased by an average of 4.1%. Except for a few industries, which recorded higher prices, while not always justified.
According to the committee, in November, finished products of iron or steel factories went up by 8.4%. According to the economist, industrialist Nazim Mamedov, this is clear manifestation of the monopolization of the steel industry in the hands of one company. "Today," Baku Steel Company "not only controls the production, but also is the only manufacturer of metal in the local market, has the import and export of ferrous metals and ferroalloys. Without the knowledge of the company is not possible to supply equipment for metal smelting and refining," he stressed.
According to Mammadov, Georgia black metal is 40% cheaper than in Azerbaijan. This directly affects both the economic activity and the level of consumption.
Recall that in August this year in Baku suspended the operations of over 20 small business entities engaged in the production of finished steel products. - 08B-
Economics
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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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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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