Two-thirds (67.2%) of individuals engaged in self-employed business (65 799), were registered last year in electronic form.
According to official data of the Ministry of Economic development of local business in 2012, the most favorable conditions for business development were in Baku - the capital city had 36.4% of registered businesses.
Below (in descending order) the situation is as follows: in the Aran economic region there were registered 18.4% of new entrepreneurs, in the Ganja-Gazakh economic region - 11.5%, in the Absheron economic region - 7.4%, in Lankaran - 6.9%, Shaki-Zagatala - 5.8%, and so on.
According to the Ministry of Economic Development on January 1, 2013, all the country recorded 432,141 individuals engaged in self-employed business, of which 83% were males and 17% - females. - 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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