On Saturday the Georgian Education Ministry and SOCAR signed the cooperation agreement. The agreement has been signed by the Georgian Education Minister Tamar Sanikidze and SOCAR President Rovnag Abdullayev.
After the signing ceremony Abdullayev told journalists that the company is interested in training its specialists in Georgia, where it is going to expand its activities. “We think that both the company and Georgia will benefit from the agreement,” he added.
Sanikidze added that according to the agreement, SOCAR will define the priority areas and pay 30 specialists a scholarship of 300 lari a month ($1.00 = 1.66 lari). These specialists will have to do practical work at the company’s plants in Georgia afterwards.—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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