In the first quarter of the year state budget enterprises were rendered services in the amount of 2.6 million manat (+ 36.8%), the State Statistics Committee said.
The total volume of public utilities and telecommunication services in this segment amounted to 32.2 million manat (minus 4.2% as of 1 April of the previous year). In absolute numbers, it looks like this. Most of the funds went to energy consumption - for 306.1 million KW / h 18.3 million manat (minus 12%), for 5.4 million cubic meters of water - 4.4 million manat (minus 11.8% ), for 64.1 thousand Gcal of thermal energy - 1.8 million manat (+ 0.9%), for 51.1 million cubic meters of natural gas - 5.1 million manat (+ 10.1%).
Earlier, Turan reported the unpaid debt of state budget organizations to provide their utilities and telecommunication services was 8.2 million manat or almost a quarter (25.5%) of the total value. The largest debts were on electricity - 4.8 million manat and for natural gas - 1.7 million manat. --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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