On February 24 in Baku after 20 years of cooperation with Azerbaijan opened an office of partnership and coordination of the Food and Agriculture Organization (FAO) of the United Nations. At the ceremony the Minister of Agriculture Heydar Asadov and FAO representative in Baku Mustafa Ymir signed the project "Support for seed sector development." The project provides assistance to the Ministry of Agriculture in the field of seed production, test grades, registration and control of seed quality, as well as their processing and marketing. It will be implemented within two years.
In total in 1995-2015, the FAO implemented 23 projects in Azerbaijan. Relevant are five national and two regional projects. 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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