The Ministry of Economy and Industry drafted regulatory law acts, according to which preferences for local suppliers of goods and services during the public procurement doubled. Thus, local companies will enjoy more favorable conditions in the tender purchasing than their foreign competitors.
Changes are expected in the Law "On Public Procurement," the government’s decree of 28 October 2002 "On approval of rules and scope of application of concessions, a method of counting the effect of the purchase price changes in the prices of goods (works and services) and determining the amount of divisible parts." If Parliament agrees to accept the changes to the law, local companies, depending on the amount of use of local raw materials and labor, will receive price concessions in the amount of 10 to 25% of the proposed import of goods and services.
The government believes that a two-fold increase in preferences will increase the amount of locally produced goods and services. At the same time, reports on the previously existing concessions to local suppliers of goods and services have not been published for 11 years. --08B
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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