Baku / 22.09.17 / Turan: For the first eight months of this year, the private sector of Azerbaijan exported goods for a total of 1 billion 532 million US dollars. This is 27% more than for the same period last year, according to the State Customs Committee.
According to the department, the share of private companies and individuals in the structure of exports of goods for the period amounted to 21.2%. This is 0.4% higher than the figure for January-August 2016.
This year Azerbaijani producers increased the assortment of exported goods by 16.6%. Whereas in the first eight months of last year 2,380 items were exported, this year"s figure is 2,775. -----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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