Switzerland is interested in supporting small and medium enterprises in Azerbaijan. This was said by the Swiss Ambassador to Azerbaijan Philip Stadler at a meeting with Economy Minister Shahin Mustafayev.
The press service of the Economy Ministry told Turan the Ambassador noted the desire of Swiss companies to participate in the activities of the Sumgait chemical and industrial park.
In March of this year the 7th meeting of the Joint Commission on trade-economic cooperation between Azerbaijan and Switzerland will be held in Baku.
According to the Ministry of Economy, Azerbaijan has 65 companies with Swiss capital.
In 2015, Switzerland’s exports to Azerbaijan increased by 2 times and amounted to $ 155 million. It imported goods for $ 94.3 million, or 40% less than in 2014. ------08D
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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