Russian Premier: Russia and Turkey found agreement on all issues of Turkish Stream project
Russian and Turkish governments have a principal agreement on construction of the Turkish Stream gas pipeline, said Russian Premier Dmitrii Medvedev.
It has not been reported if the Turkish side has given permission to construction of the pipeline, but Gasprom already said that it is going to start pipe laying in June 2015.
The Turkish Stream is a big project. We are certainly interested to build a serious legal basis for the project. All the documents are ready and everything went fine. All the principal agreements have been reached with the Turkish government to this effect,” Medvedev assured.—0—
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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