The Azerbaijan Export and Investment Promotion Foundation (AZPROMO) reported the creation of an electronic portal of exports of goods and services.
According to the information, the purpose of the portal www.export.az is promotion of goods. It is supposed to support and develop local communications business, strengthen the capacity of export of competitive products that meet international standards.
On the site you can get all the information of the country's non-oil products, companies operating in various sectors of the economy, countries where local products are exported, as well as certificates and other information.
After the registration of local and foreign users on the portal it will be easier to post information about themselves and the products, as well as view information about other companies.
The website is available to users in the Azerbaijani and English languages. However, the Russian version is also developed. --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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