![New Members of Multilateral Group on Implementation of Transparency Initiative](https://turan.az/resized/media/2017/main/012300181088-750-500-resize.webp)
New Members of Multilateral Group on Implementation of Transparency Initiative
The Board of the Coalition for Transparency Initiative in Extractive Industries held a regular meeting.
On his profile on Facebook a Board member Akif Gurbanov noted that important decisions were taken at the meeting.
Gurbanov noted that in accordance with the ‘Regulation of activity of members of the multilateral group on implementation of Azerbaijan Transparency Initiative (EITI Azerbaijan)’ at the beginning of the year the Group members should be elected. By secret ballot, Gubad Ibadoglu, Ilgar Huseynli, Nasimi Mammadli, Ogtay Gyulalyev, Azer Rasul and Fuad Rasulov were elected as Group members.
“Now there is a question of work of the government with the new team. I hope the authorities will agree to the reality and will not obstruct the work of the staff elected by secret ballot. Otherwise, we need to understand what awaits us in March at a meeting of the Board of the International EITI,” he said.
Gurbanov said the meeting adopted an appeal to the head of the Board of EITI Frederick Rheinfelden, who will soon visit Azerbaijan.
In addition, at a meeting of the Board Ramin Hajili (European Movement), Rovshan Guliyev, Sadig Aliyev, Geray Aliyev and Mohammad Asadullazadeh were elected Coalition members by secret ballot. ------71D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review