US Companies Invested in Azerbaijan`s Economy More than $ 10 Billion - President Ilham Aliyev
US companies have invested more than 10 billion dollars in Azerbaijan’s economy, President Ilham Aliyev said, addressing the conference organized in Washington by US-Azerbaijan Chamber of Commerce, dedicated to the 25th anniversary of the establishment of diplomatic relations between the United States and Azerbaijan.
The Azerbaijani President noted that in general, the economy of Azerbaijan has been invested 200 billion dollars.
Aliyev said that Azerbaijan, due to support by the US and its partners, implemented geo-strategic projects such as the Baku-Tbilisi-Ceyhan oil pipeline and the Baku-Tbilisi-Erzurum gas pipeline.
“Currently, we are working closely on the Southern Gas Corridor project, which will enhance the energy security of Europe,” the President of Azerbaijan said. -----71D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review