The Ukrainian Cabinet of Ministers has instructed the State Entrepreneurship Agency to draft the decision on natural gas price reduction.
The Ukrainian state service for entrepreneurship development together with other interested executive agencies will work on the amendments to the Tax Code.
It is planned to exempt the natural gas import transactions from value added tax (VAT), which will allow reducing gas price for the consumers.
At the session of the Russian-Ukrainian intergovernmental commission under chairmanship of Russian and Ukrainian Presidents Vladimir Putin and Viktor Yanukovich on December 17, 2013 it was decided to reduce Russian gas price for the Ukraine by one third to $268.5 per 1000 cub.m. In the beginning of every quarter Naftogas and Gasprom will sign the additional agreement defining gas price, otherwise the discount will cease being effective.—0—
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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