Ukraine is interested in development of cooperation with Azerbaijan in the gas and oil refining industries, reads the statement posted on the official web site of Ukrainian President Viktor Yanukovich, which he made at the informal meeting with the members of the Club of Editor-in Chief of CIS and Baltic countries and Georgia.
“We have been negotiating with our partners from Azerbaijan. We believe that Azerbaijan and Ukraine will benefit from building relationships in the gas and oil refining industries,” Ukrainian President said.
He added that part of this work has been already carried out. Yanukovich added that at present Ukraine receives about 4 million tons of oil a year from Azerbaijan.
Ukrainian President also said that Ukraine is interested in participation in various energy projects, such as construction of the gas transportation systems.—0—
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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