Exactly half of ICT projects have been "rejected" by the State Fund for Development of Information Technologies of Azerbaijan. The final list included 61 of the 121 grant funding applicants.
According to the State Fund’s today's report, projects must comply with criteria such as a clear justification, commercial potential, contribution to the development of local ICT, investment attraction, social and economic significance, relevance and the perspective of innovation, and so on. The final list of candidates will be determined before the end of October.
Recall, the Fund was established by the Head of State on 15 March 2012. The maximum grant possible is AZN 300 thousand, and the minimum is AZN 10 thousand. --17D-
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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