Regional entrepreneurs and economists have a chance to be think-tanks for future economic reforms. Structuring meeting European standards will quickly and efficiently take up reforms in this area. Diversification involves not only the advantage of the real economy over the oil and gas industry, but also the increasing geographical business area.
They talked about it in training in Ganja and Sheki, which the EU organized for local NGOs, with the leading international specialist from Atlas Economic Research Foundation, Executive Director of Siap Solutions Pte Ltd Rainer Heuferts.
According to the chairman of the Center for Economic Research, Doctor of Economic Sciences Gubad Ibadoglu, strategic planning will allow more efficient use of the achievements of the local economy.
The seminar benefited dozens of representatives of 17 specialized non-governmental organizations. Those who want to become more advanced economists taking part in the events can contact the CER on the phone (+99412) 465 18 47 or by E-mail: office@erc.az. - 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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