President Ilham Aliyev received the deputy ministers of foreign affairs and economic development of Italy - Martha Dassun and Claudio De Vincenti.
The meeting expressed satisfaction with the development of relations between Azerbaijan and Italy in the political, economic and cultural spheres, exchanged views on issues related to the prospects of cooperation between Azerbaijan and Italy, as well as Azerbaijan and the European Union, the press service of Azerbaijan.
During the meeting with the Italian delegation Foreign Minister, Elmar Mammadyarov, discussed the supply of Azeri gas to Italy as well as issues of economic cooperation in other areas.
The subject of gas supply was considered at the meeting with the Minister of Energy, Natig Aliyev. -06C-
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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