At today's meeting of the Azerbaijani Parliament MP Vahid Ahmadov expressed dissatisfaction with the ratio of the private financial sector and the government sector to the real economy, especially in agriculture.
According to him, the villagers can not sell fruits and vegetables due to the monopolization of the industry. Numerous groups and by individual commercial banks, rather than allocate preferential loans to rural entrepreneurs, do not improve the financial sphere, and cashing many millions of manat, thus leaving from taxation. Ahmadov said that a number of financial institutions do not have to the country.
In such circumstances, the government must launch a pilot project in one of the areas for the sale of agricultural products. The project should include the entire chain - from the land reclamation to storage and export to the markets of the finished product. In the case of success of the project it should be extended, said the deputy. - 17D -
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