A new auditing company, LLC Crocus Audit has appeared in Azerbaijan. It has obtained a license from the House of Auditors for a 5-year term.
The state register of commercial legal entities does not specify the owner of the new company. The legal address of the company has become one of the objects of the family of the Russian businessman Aras Agalarov in the seaside Nardaran settlement of Baku, where Sea Breeze Resort & Residences (Ltd. Breeze Hotel) belonging to him has been working since 2012.
The Agalarovs family owns several companies in Baku. However, Turan was told in one of them that in fact there are only two companies: Crocus Ltd engaged in import and distribution of tobacco products and European Tobacco-Baku, the control of which passed to Crocus International Group about 2 years ago.
Note that, according to the Ministry of Taxes, the following companies were established with the logo Crocus in Baku in 2004-2010: Crocus Construction, Crocus Trading, Crocus Interiors, Crocus Azerbaijan, Crocus Baku, and Crocus. ------ 08B
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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