The level of investment in fixed assets mail and courier activities - one of the last places in Azerbaijan.
In this sector of the economy last year invested 10.8 million manat or 0.07% of total investments (15 billion 338.5 million), the State Committee on Statistics said. Much better is the position with the link - 314.9 million manat - 2.05% of all investments.
In the first place on this indicator is mining. It has been invested 3 billion 651.4 million manat (23.81%). At the following locations for capital investment is oil production with 3 billion 648 million manats (23.78%) and the transport sector - 2 billion 580.9 million manat (16.83%). Other branches are far behind the leaders. - 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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