In connection with the upcoming holidays - the Day of Solidarity of World Azerbaijanis and New Year, the Ministry of Agriculture from 24 to 31 December will organize agricultural fairs in Baku and Sumgayit. In Baku, the fair will operate near the cinema "Baku", "Keshla Bazaar" in Badamdar settlement, St. Seyran Mamedov 1, Amirjan village, St. Malik Mustafayev 4 and Darnagul village, near the "Elite" shopping center. In Sumgayit the fair will be opened in the 12th district and near the old bus station. As a rule, at pre-holiday fairs of agricultural products are sold cheaper than in the markets and supermarkets, however, but the product quality is worse. -06D--
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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