The Nakhchivan Automobile Plant (NAZ) continues to work normally and ordered in China around 500 Lifan passenger cars. This was reported by the plant’s local media director Musa Abdullayev.
He said that 270 units of machinery are ready and sent to Azerbaijan. From the words of the representative of NAZ it is clear that the local production of cars is not real. Furthermore, the plant gets almost finished cars.
According to the State Statistics Committee, in 2015 Azerbaijan carried out assembly of 728 passenger cars, which is 60.9% less than in 2014. In January-March NAZ was idle.
In a Cabinet meeting, President Ilham Aliyev called on government agencies to buy cars from the NAZ, calling them good-quality.
Until now the main buyer of the NAZ Lifan vehicles has been the Ministry of Labor and Social Protection, which distributes them free of charge to the preferential categories of people (disabled WWII and Karabakh war, liquidation of consequences of the Chernobyl nuclear power plant disaster, the 20 January tragedy, etc.). ----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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