The portal www.tedaruk.az on the Procurement and Supply of Food Products has been put into operation. The main content of the portal is made up of ads for procurement, potential suppliers, offers of food suppliers, including agricultural products.
Purchase of food products by budget organizations since 2016 is to be carried out with the mediation of Procurement and Supply of Food Products. Such operations have not been carried out yet.
JSC Procurement and Supply of Food Products was established by a presidential decree on 11 April 2016. The company buys centralized food products from suppliers and provides them to government agencies in compliance with a pre-agreed amount.
With regard to purchase prices, they will not be lower than the wholesale prices in the country at the time of placing the procurement announcement. However, these prices are determined by the Ministry of Agriculture in coordination with the Ministry of Economy. ---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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