The idea of ??Sumgait chemical industrial park materializes.
According to the budget for 2013, for the current needs the same name limited liability company will be allocated 2 million 375 thousand manats, and for strengthening the material-technical base it will receive 9 million manat.
Recall the said chemical industrial park was created by the Decree of the President on December 21 last year. This year the Ministry of Taxes registered this LLC with half the share capital.
The industrial association on advanced technologies is designed to create favorable conditions for the development of competitive industrial production of innovative and high-tech business support in this area, the sustainable development of the oil sector and increase employment in the industrial sector. - 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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