Today began a meeting of the Milli Majlis, where the main issue on the agenda is the discussion of the draft state budget for 2016 and related bills.
As the Chairman of the parliamentary committee on economic policy Ziyad Samadzade told the MPs, they have offered the government to extend the powers of the Central Bank of Azerbaijan Republic to collect information on private sector external debt. The legislative initiative comes from the President Ilham Aliyev, stressed the speaker.
The systematic analysis of the situation with foreign debts of local companies "will help to see the whole situation with the debt in the country and to improve the quality of the balance of payments," he said.
Recall the guaranteed foreign debt of Azerbaijan in January-June increased by 1.5% to $ 6.6 billion. According to the Finance Ministry, the external debt by the end of H1 was 12.2% of GDP and $ 685.6 per capita. --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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