At today's meeting the Azerbaijani Parliament adopted amendments to the Law "On the roads."
According to the chairman of the Committee on Economic Policy Ziyad Samadzadeh, provides for the establishment of toll roads in Azerbaijan increased responsibility in the operation of highways, by incorporating the concept in the law. The result is a high quality roads and services. The changes also affect the conservation of the safety strip and safety rules during repair highways, etc.
Regarding the creation of toll roads, MP Javid Gurbanov said that in the near future Azerbaijan may appear toll roads to be built by the private sector alone. "The state can act in these matters only as a partner. The first toll road can become the third ring road from Baku to Sumgait Sahil. Taking this road, drivers will be able to shorten the route by 80 kilometers," said the head of Azeravtoyolservis. - 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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