The Emirate of Qatar is interested in investing in the production of agricultural production in Azerbaijan, followed by the delivery of products grown. This was said by the Minister of Agriculture of Azerbaijan Heydar Asadov at his meeting with the head of the business development department of the Investment Office of Qatar, Sheikh Abdul Aziz bin Ali al-Thani in Baku on May 11.
According to al-Thani, Qatar can implement its own project in the field of animal husbandry, dairy farming, vegetable production and agricultural processing.
"From this year on, Azerbaijan subsidizes the export of non-oil products, and investments in several non-oil areas are exempt from tax in the long term," Heydar Asadov said. ----08B
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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