SOCAR Turkiye Enerji, Daughter Company of SOCAR, has received five towing vessels to provide services to the vessels in Petkim port in Aegean Sea, wrote Kenan Yavuz, SOCAR Turkiye Enerji President, on his Facebook page.
“Construction of the port is at its final stage and this port, which meets the highest standards, will be put into operation in the nearest future. We already five towing vessels to provide services to the container carriers in Petkim port and sea ports in the Nemrut harbor in the Aegean Sea, ”Yavuz said.
The first of the port construction will be completed in September-October 2015 and the second one in 201. Initial capacity of the port will total 1.5 million containers a year with the plans to expand up to 4 million containers a year.—0—
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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