Only one-third of municipalities in Azerbaijan (578 of 1,607) have clearly defined borders, in spite of 16 years of experience.
As reporters were told yesterday by the deputy chairman of the State Committee for Property Affairs Rafig Jalilov, documents of 150 other self-governing bodies have been transferred to the parliament, and works are continued on land inventory accounting, which determines not only borders, but also the category of sites.
In turn, the head of the Center for Work with Municipalities under the Ministry of Justice of AR Mehdi Selimzadeh lamented the fact that most of the existing bodies do not have their own administrative buildings. The reason for the phenomenon is that they have sold a part of their structure in order to obtain benefits. "We have appealed to the State Committee for Land and Cartography with suggestions and recommendations on the approval of the rights to property and land of municipalities, but the problem is still not solved. This situation creates serious problems for the local authorities, as sales, taxes and fees are the main sources of municipal revenues," he said. --- 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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