The State Research and Production Company R.I.S.K. won three tenders for the provision of IT services to the State Oil Fund of Azerbaijan (SOFAZ). The contracts totaled 645.5 thousand manat, Turan was told in the SOFAZ press service.
The company received the right to extend for one year the warranty of the manufacturer of information technology equipment Cisco (Smartnet), which will cost the Fund 213,300 manat. Extension of the term of licenses for IT systems, increase of their functionality and purchase of new licenses will be paid AZN 390,500. In addition, technical security services (video monitoring system, entrance control, etc.) of the SOFAZ administrative building will be spent 41,600 manat in 2017.
The company R.I.S.K. has won similar tenders of SOFAZ several times. -----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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