State Committee for Property Affairs announced a tender for selection of consultant for the privatization of state-owned shares in JSC Azerboru. Over 97% of the shares of this company were sold in 2004-2006 to British company Targol Limited, but the contract was canceled due to non-fulfillment of obligations.
The consultant should prepare a package of documents for the tender for the sale of investment shares and evaluate its financial and economic activities. GKVI need assistance to maintain or change the profile of the pipe business, the volume of investment, etc. The cost of participation in the tender is 1,000 manat. The applicants themselves determine the value of their services.
Applications of candidates submitted to the 9th of January, and bids - January 17, 2013.
JSC Azerboru was established on the basis of Sumgait Pipe Plant. About 3% of the shares are owned by about 1,700 members of the workforce. In 2011, the company made about 100,000 tons of oil pipes on the basis of cooperation with Russia. - 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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