The Cabinet of Ministers has decided to transfer the Gakh station of pedigree sericulture to the State Seed Fund (SSF).
In April 2016, this station, among 8 enterprises of the Ministry of Agriculture, was transferred to the State Property Committee for privatization. In September, the decision to privatize this station was revised. Now it is again subordinated to one of the structures of the Ministry of Agriculture. The decision of the Cabinet of Ministers was taken at the initiative of this department, but what this initiative is called for is not reported in the document.
At present, 32 state enterprises are in charge of the Ministry of Agriculture and its structures (OJSC Agroleasing, Research Institute of Veterinary Medicine, Research Institute of Viticulture and Winemaking, Research Institute of Animal Husbandry, and SSF). ----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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