The Cabinet as a body procuring land in the Khatai district of Baku has determined the service of mobilization and conscription for military service. It is about 0,656 hectares of land owned by the Azerbaijan development company ADEC.
The order of the Government of 10 June, №220 noted that on this plot of land an object of defense and security will be built.
ADEC LLC (TIN 1501012941) was established in 2007. The authorized capital is 1 million manats.
Recall that the decree on the design of a residential campus Baku White City (221 hectares) on the site of the former so-called Black City array was given in the name of the company ADEC. This company is directly or indirectly owned by Anar Alizadeh, one of the partners of SOCAR. ----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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