In the first 9 months of this year Azerbaijan was visited by 1 million 719 thousand tourists. This is 169,400 or 10.9% more than in the comparable period of 2015. This was reported by the Ministry of Culture and Tourism on October 7.
The influx of tourists is mainly observed from Iran (up 62.9%), Kazakhstan (17.2%) and Russia (7.6%). In the first nine months a special pace of growth in the tourist influx was observed from the UAE - 34 times.
Only in the summer the regions of the country received 751,353 local and foreign tourists, 23.5% more than in the summer of 2015. -----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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