Finance Minister Samir Sharifov signed March 11 on behalf of a credit agreement for a $ 43.5 million project to build a waste water treatment plant in the village of Baku Pirshagi. The Korean side the document was signed after that country in Baku Choy Su Kin.
The report noted the Ministry of Finance that the credit was issued Cooperation Fund for Economic Development Export-Import Bank of Korea. The loan was granted under 0.2 % per annum for 40 years , the first 10 of which will be discounted.
Total amount of work on the construction of waste water treatment plant is $ 60 million remaining funds will be financed from the state budget of Azerbaijan.
Power construction of 40 thousand m3 per day. Purified water is used for irrigation of agricultural land .
We note that in October 2011, JSC Azersu and Korea International Cooperation Agency signed a grant agreement for the project of reconstruction of water supply and sanitation in the village Kurdakhani Baku. The size of the grant was $ 26.18 million project involved the construction of two reservoirs , aqueducts ( 24.8 km ) and sewer lines ( 24.8 km). 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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