2014 March 04 (Tuesday) 15:18:52
BAKU/04.03.14/Turan : Government report on socio - economic development of Azerbaijan in 2013 will be held in the parliament on March 14.
By law, the Cabinet of Ministers reports on last year's activities at the fifth plenary session of the parliament's spring session (this year it falls on March 14) and the Ombudsman does this at the fourth plenary meeting ( March 4) .
The report , handed out to the deputies , contains an analysis of the macroeconomic situation in 2013, the execution of the state budget last year , the development of individual segments of the financial market , the government's actions to address social problems and so on. It also reflected in the cooperation with international financial institutions . -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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