The 10th meeting of the EU-Azerbaijan Subcommittee on Energy, Transport and Environment was held in the Ministry of Transport. The EU delegation is headed by the head of the program department of the Eastern Partnership Dirk Schuebel. The meeting noted the important role of Azerbaijan in the development of transport links between Europe and Asia.Deputy Transport Minister Musa Panahov said Azerbaijan's interest in the development of political and economic relations of the EU. During the meeting the sides discussed issues of EU technical assistance to the transport sector of Azerbaijan, the promotion of the EU to the implementation of the Azerbaijan section of the East-West and others. -03D06-
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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