Control of the budget is not satisfactory.
According to the MP Vahid Ahmadov SOFAR next year, presumably is to send 6.9 billion manat in implementation of public investment projects. But so far they have not developed a legislative act on the mechanism of social performance monitoring. Repeated requests to the Ministry of Finance have failed.
The MP is also dissatisfied with the mechanism of mortgage lending. Social projects involve benefits, but banks generally allocate a maximum of 30 thousand mantas, determine a prohibitively high initial fee, and take high interests from the population. In general, the empty apartments are in Baku, but there are no flats for 30 thousand in the capital, according to the deputy. - 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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