President Ilham Aliyev signed on November 16 a decree ‘On additional measures to strengthen state support for the development of sericulture and hazelnut growing.’
For the purpose of harvesting and donation of products the manufacturers of silk seeds and saplings of mulberry and hazelnuts the Ministry of Agriculture is paid 1 million 463 thousand manat. This includes: for the purchase of silk seeds - 163 thousand manat, for mulberry saplings - 600 thousand manat and for hazelnut saplings - 700 thousand manat.
The Ministry of Agriculture is requested to submit it to the manufacturers to meet the needs of cities and regions. --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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