Pakistan within the framework of increasing its turnover to Turkey, and then to Europe is going to join the main multilateral agreement on Transport Corridor Europe-Caucasus-Asia (TRACECA).
Today, the in the permanent Secretariat of the Intergovernmental Commission on the Project, the Ambassador of Pakistan to Baku Khalid Usman Qaiser was adopted on this occasion by the Secretary General of TRACECA Mircea Chepraga. The purpose of the meeting was to present and discuss the priority issues of the project by increasing its competitiveness. Pakistan supports the initiative of TRACECA transformation into an international organization. --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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