From March 1, the State Customs Committee takes strict control of the timely return of temporarily imported and exported goods and vehicles passing through Azerbaijani customs under the procedure of temporary imports and exports. This was reported by the press service of the State Customs Committee.
This mode regards individuals in compliance with President Ilham Aliyev's decree dated 21 May 2016, amending the decree "On the regulation of interagency automated retrieval system Entry-Exit and registration".
"To individuals who violate commitments to the timely return of temporarily imported and exported goods and means of transport, the restriction will be applied in the transition over the border," warns the SCC. ----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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