Trade outlets earned 2 billion 243.2 million manats from retail trade of consumer goods in January (+ 4.6% compared to January of last year).
According to the State Statistics Committee, for the purchase of food products, beverages and tobacco, the population spent 1 billion 124.8 million manats (50.14%), and for non-food products 1 billion 118.4 million manats was spent.
Non-food items included 16.7% of textiles, clothing and footwear, 6.6% of electric appliances and furniture, 5.9% of motor fuel, 1.4% of pharmaceuticals and medical products, 0.8% of computers and telecommunications equipment and others, and 18.5% - of other non-food items. --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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