In Istanbul, a meeting of the Ministers of Transport of Azerbaijan, Turkey and Georgia was held. Ziya Mammadov, Binali Yildirim and George Kvirikashvili discussed the construction of the Baku-Tbilisi-Kars railway. After the meeting, a protocol was signed to speed up the construction, Turkish media reported.
At the end of the signing ceremony, the Minister of Transport Ziya Mammadov said that by the end of this year, all the work will be completed.
The Turkish Minister Binali Yildirim said that before the end of 2013, there will be a monitoring visit to Baku-Tbilisi-Kars.
The Georgian Minister George Kvirikashvili stressed that the project will strengthen the connection between the three countries and noted the funding of this project by Azerbaijan. -02D-
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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