Azerbaijan National Platform (ANP) - the local structure of the Eastern Partnership - Civil Society Forum started the project "System of effective control of public funds."
ANP reported that the project aims to strengthen the legal and institutional capacity of the structures controlling the spending of public funds (Milli Majlis and the Accounting Chamber), increasing the awareness of the public and the civil society on the transparent system of control over the management of public expenditure.
ANP's Internet portal will have a special section to control public funds. On social networks there will be a forum on the effective and transparent use of budget funds and the appropriate checks. Also as part of this project competitions will be held for journalistic articles, as well as meetings and discussions with members of the Parliament and the leadership of the Chamber.
The project will be implemented over a period of 20 months. ANP includes several NGOs of economic sense. - 08D-
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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