In 2013 SOCAR's investments into expanding of activities in Romania will total 50 million Euro, reads web site of SOCAR.
"SOCAR has already invested 20 million Euro into Romania's economy. 14 petrol stations under SOCAR brand name have been out into operation on the northeast of the country. In 2013 the company's investments into Romania are planned to reach 50 million Euro and we plan to open 20 more petrol stations," reads the information on the web site.
The information reads that in the near future SOCAR petrol stations will be opened in the Romanian cities of Bachau, Foshan and Roman and in the perspective it is planned to open petrol stations in Transylvania and southern regions of the country.
It was earlier reported referring to SOCAR President Rovnag Abdullayev that in the coming years SOCAR is going to increase number of its petrol stations in Romania up to 300.-0-
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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