Silk Way Travel, the largest travel agency in Azerbaijan became an independent legal entity. Prior to that, this travel agency acted as a branch of the airline Silk Way Airlines.
Silk Way Travel has operated since 2008 and is the exclusive agent of the national carrier of Azerbaijan CJSC Azerbaijan Airlines. The company has agency agreements with all airlines flying to Azerbaijan and holds a leading position in the sphere of air transport sales.
The travel agency has a network of representative offices and sales outlets both in Azerbaijan and in other countries (Russia, Ukraine, the United Arab Emirates, Georgia, Italy, Kazakhstan, and Turkey).
Every year, Silk Way Travel organizes trips abroad for 10-15 thousand Azerbaijani tourists.
They could not name the number of employees due to their reduction and the closure of several offices in the country. --08B
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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