There is a tendency - if at a meeting of Parliament’s session speaks a Deputy Executive Secretary of the ruling party "Yeni Azerbaijan" Siyavush Novruzov, his words either materialize or are subject to public discussion. At today's plenary session of the Milli Mejlis he made a surprise proposal to change the design of the national currency - manat. "On the bill of the highest worth should be a portrait of Heydar Aliyev. In Turkey, on the national currency is printed the portrait of Ataturk, on the dollar are printed the fathers-founders of the United States, in Russia - portraits of all the kings. Therefore, a portrait of Heydar Aliyev should certainly be on the banknotes," he said. --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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