![Prices Continue to Rise (Video)](https://turan.az/resized/750/500/resize/media/2015/main/122300141269.jpg)
Prices Continue to Rise (Video)
After the manat was let to "free floating", the instability in the trading network continues, and the prices of a number of foods and other commodities continue to rise.
At the same time, prices of the same products vary considerably in different shopping sites.
According to the observations of Turan IA, a number of locally made and imported products have faced 30-40% growth. Even the "factory bread" has risen in price by 10 kopecks. At the same time, prices of a number of dairy products remain at the same level. Cigarettes went up by 50%.
The rise in price of food products has led to higher prices for the services of restaurants and Palais des festivals, which also buy food products at the new prices. Therefore, the revision of prices already designated for weddings and celebrations is being considered.
According to observers, the current rise in prices will boost small traders – so-called shuttles. Thus, delivery of cheap goods from Georgia, Iran and Russia once again becomes a lucrative business.
Many foods and other products in these countries are 2 times cheaper, the marketing manager for one of the wholesale trade institutions told Turan IA. Shuttles are allowed the importation of goods free of duty of 10 thousand dollars, which makes this a real trade. If the authorities eliminated monopolies, it would also contribute to lower prices, experts say. –03B-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review