The entrepreneurs, the validity of the license of which expires before the end of the year, are recommended to avoid additional costs and to wait until the updated abbreviated list of licenses is prepared.
This announcement was made during the conference on "A new stage in the development of entrepreneurship: the purpose and capabilities" in Baku by the Deputy Minister of Economy and Industry of Azerbaijan Sahib Mammadov.
According to him, as of October 1 there were registered 662,000 business entities, including individuals, in Azerbaijan. Recall the presidential decree of 19 October provides for minimizing the number of licenses, ensuring transparency and simplification of rules of issuance and related services. On behalf of the Ministry of Economy and Industry all this will be carried out through the Service Center ASAN. --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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