Negotiations one-on-one and in the broad format in Baku today between the presidents of Azerbaijan and Serbia, Ilham Aliyev and Tomislav Nikolic, resulted in the signing of three documents. The heads of states signed the Declaration on friendly relations and strategic partnership; intergovernmental agreements on cooperation in the field of veterinary medicine; and in the field of information and communication technologies.
During the talks, Aliyev noted the availability of good prospects for the development of economic cooperation, particularly in the areas of transport, energy and investment.
Nikolic, noted with satisfaction that Azerbaijan has become a reliable partner of Serbia in the eastern part of the world, and said that his country was interested in Azerbaijani investments.
So far, the legal basis of relations between the two countries was 21 documents. Last year trade turnover between Azerbaijan and Serbia amounted to $35 million. At the same time, Azerbaijan offered Serbia a loan for 308 million euros to build highways.—06D--
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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