By the end of 2023 SOCAR Turkey Enerji company, including its daughter companies, will have an incomes forecasted at about $15 billion. The export of only chemical products of the company will total about $5 billion.
Kenan Yavuz, President SOCAR Turkey Enerji, member of Board of Petkim petrochemical holding, made this statement for local press.
“Considering the total incomes, SOCAR Turkey Enerji will become the third company in the Turkish industry after Koc and Sabanci Holding,” he added.
He said at present SOCA Turkey Enerji is the biggest investor in the history of Turkey.—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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