The Caspian littoral countries agreed to extend the ban on commercial sturgeon fishing in the Caspian Sea in the 2015-2016. "This decision was taken within the framework of the 35th session of the Commission on Aquatic Bioresources of the Caspian Sea, which ended in St. Petersburg on May 29," reads the information from the , which was attended by delegations from Russia, Iran, Azerbaijan, Kazakhstan and Turkmenistan.
Caspian countries annually confirm a ban on sturgeon fishing. The fishing will be only for research purposes and for artificial reproduction. Meanwhile, the decline in stocks of sturgeon of the Caspian Sea continues that requires strengthening measures to protect these species. Therefore, the two sides agreed to speed up the necessary domestic procedures for the speedy ratification of the agreement. The meeting resulted in signing the final protocol.
The main problem in question is the preservation of sturgeon poaching. Despite the strict ban, all markets of the Caspian countries, except Iran, openly sell caviar and sturgeon, and, in recent years, poachers catch youngsters.-02D-
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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