The head of state Ilham Aliyev on April 11 signed a decree "On establishment of the State Housing Agency under the President of Azerbaijan and the organization of its activities."
The state agency is created in order to meet the citizens' housing needs, improve their living conditions, ensure the construction in the modern architectural style and compliance with environmental and energy efficiency.
According to the decree, the Regulations on the State Housing Agency and its structure have been approved. The total number of employees of the state agency has been defined at the level of 60 staff units.
Recall that last Saturday at a government meeting, President Aliyev spoke about the government's plans to build social housing. -06D--
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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