Solar panels of local production will be involved in the construction of ecological towns by leading German companies in Germany.
According to the state news agency of Azerbaijan on alternative and renewable energy sources, the relevant agreement was reached during the visit of the head of the structure Akim Badalov to Germany, concerning the production of Azgyuntekh Plant in Sumgait, which will be on the roofs of residential and administrative buildings.
The factory Azgyuntekh was commissioned in 2012. The production capacity of the plant allows to produce solar panels with capacity of 50 megawatts.
Recall that in the 1970-80s the later dismantled local plant Azon was the only company in the Soviet Union, which manufactured solar panels for the space industry. --17D-
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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