Returning to work on Tuesday after a week-long vacation, President Ilham Aliyev received the Minister of Communications and Information Technology of Iran Mahmoud Vaezi, who is co-chair of the Azerbaijani-Iranian intergovernmental commission in economy, trade and humanitarian spheres.
Vaezi arrived in Azerbaijan to study issues related to the upcoming August 8 visit of President of Iran Hassan Rouhani, who will take part in the trilateral meeting with the Presidents of Russia and Azerbaijan.
The summit will be dedicated to the forthcoming opening of the North-South transport corridor, as well as issues of regional security and cooperation in various fields.
Before meeting with Aliyev, Vaezi had meetings at the Ministries of Communications and Economy.
The Azerbaijani President praised the level of bilateral relations in various fields and noted the special role of Vaezi in this. He also sent his greetings to the President of Iran, which could mean that he is waited impatiently in Baku on August 8. -0-
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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