At the end of June in Azerbaijan registered deflation.
Food prices fell 2.7%, the cost of non-food products, commercial services and tariffs remained at the May level.
According to the State Customs Committee, the deflation of consumer prices in general set at 1.3%. According to this official agency, the price of rice, semolina and buckwheat, bread, pasta, lamb, chicken, fish, vegetable and animal oils and fats dropped. In view of the same state organization, the prices of sugar, bananas, fruit, mushrooms and potatoes fell too...
The prices of flour, beef, eggs, citrus fruits, greens, carrots, onions and beetroots rose. - 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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