Ltd Absheron Hotel Group announced about their achievements in 2015. During the reporting period, the hotel Park Chalet Shahdag opened, the tourist complex Shahdag completed its second winter season, and an agreement to join the group of four hotels in the Autograph Collection was signed. In addition, an agreement was reached with the Ministry of Education for the establishment of the Baku vocational school №5 with special training programs in hospitality management.
Park Chalet Shahdag successfully held the winter season with the Hotel Pik Palace Shahdag run since December 2013. The main task of the two hotels in the season was to provide first-class service and an increase in the number of local and international tourists visiting the complex Shahdag. The growing number of tourists this year took place thanks to the improvement of the general infrastructure of the resort, achieved thanks to the support of the state. Thus was launched the new line of lift, which provides an opportunity for skiers to use six new ski runs with total length of 16.8 km. The construction of the central square of Shahdag was completed. Five new restaurants and bars, including the first ice Bar in Azerbaijan, was finished The administration of the complex Shahdag reported that this year the complex was visited by 90 000 tourists versus 80,000 last season and 50,000 in the first season of 2011-2012. Most visitors to the resort are the citizens of Azerbaijan.
Since April the hotels Pik Palace and Park Chalet Shahdag have been seasonally closed. These new hotels will open their doors to visitors in December.
Boulevard Hotel with up to 818 rooms and Intourist Hotel with 150 rooms located in Baku will join the Autograph Collection this month. These hotels will open their doors to the first European Olympic Games in June 2015.
Absheron Hotel Group is in Pasha Holding. The Group owns Four Seasons Baku and JW Marriott Absheron. This year Dinamo Hotel is also planned to open in Baku.--08D--
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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