President Ilham Aliyev yesterday paid a working visit to Turkey to attend the XXIII World Energy Congress in Istanbul.
The same day, Aliyev met with the President of Turkey. During the talks, the bilateral relations were discussed.
The Venezuelan President Nicolas Maduro said he intends to meet with Russian President Vladimir Putin at the World Energy Congress in Istanbul to discuss the situation on the world oil market.
Note that the Russian President will arrive in Istanbul on October 10 to participate in the XXIII World Energy Congress.
"Of course, we will hold a meeting with the Russian President Vladimir Putin. We fight for the stability of the world oil market," Bloomberg quoted Maduro. -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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