Tatarstan Waiting for Investment from Baku
The Acting President of Tatarstan (an autonomous region in Russia) Rustam Minnikhanov arrives in Baku on a working visit.
According to the government of Tatarstan, his plan includes a meeting with the Azerbaijani President Ilham Aliyev and the launch of the conveyor assembly of trucks KAMAZ at the Ganja Automobile Plant (in February the Ganja Production Association signed a formal distribution agreement with JSC KAMAZ on the assembly and sale of these trucks here and in third countries).
Recall the factory in Ganja under the intergovernmental agreement assembles tractors Belarus and MAZ trucks from Belarus.
The plans of the delegation also include meetings on investment projects with members of the Cabinet of Ministers of Azerbaijan, local industrialists and entrepreneurs. --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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