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The latest investments of Palmali Group of Companies
The latest investments of Palmali Group of Companies began to annoy certain people and organizations. Therefore, they shifted from Azerbaijani websites and started to publish false news on small-scale Turkish websites in order to refer to them later as a source. Such kind of false news is made on purpose to damage our reputation and create problems to us. We know exactly who is behind all this. Palmali Group of Companies does not cooperate with any sanctioned country and will never do it in future. We are opening a new office in the USA, the process is close to completion. We work transparently and within the framework of law. That is why we are in the list of the largest and most reliable companies in the world. How can a sanctioned company open an office in the USA? None of mentioned ships belongs to Palmali Group of Companies. ®
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- Social
- 7 May 2019 17:10
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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