Draft budget figures for 2017 show that economic activity in the next year will drop even more, the economist Natig Jafarli said.
In his profile on the social network Facebook Jafarli, analyzing the draft budget presented by the Ministry of Finance, advised to pay special attention to the reduction of investment costs by 38%.
‘In recent years, low-investment costs had been the engine of economic activity. Now, this model has failed, and economic activity will fall due to the reduction of investment costs by 38%,’ Jafarli said. -----71D
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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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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