The State Committee for Standardization, Metrology and Patents has approved 12 new national standards (http://goo.gl/RMZuqA), which were developed on the basis of international, European and Russian standards.
Most of the new standards are relating to the requirements for food products (pomegranates, wheat flour, olive oil, butter, chocolate and chocolate products, and soft and low-alcohol tonics). They also define the requirements for consumer information on food products, food hygiene, and allowable concentrations of veterinary drugs in food products.
The standard requirements for profiled and direct fiber-cement sheets have been also adopted. These industrial products recently have been widely applied in the facing of buildings. In the near future a new fiber cement plant of the group of companies Synergy Group JSC will be put into operation. ---08D
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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