JSC Azersu intends to select a company to audit the financial statements of two regional offices of the company for 2013-2014.
As stated in the information structure, selection is carried out by means of the tender. According to the announcement, the responsibilities of the auditor include audit of financial reports of subsidiaries of Azersu (Shekisukanal> and Ganjasukanal), and audit of the financial statements of the project "The program of open communal infrastructure II> for 2012-2014.
The tender participation fee is 300 manat. Acceptance of proposals from companies will be until April 7. The tender procedure will take place on the same day.
As previously reported, the project "The program of open communal infrastructure II> includes work on modernization of water and sewerage systems of Ganja and Sheki.
The German bank KreditanstaltfurWiederaufbau (KfW) provided a loan of 37 million Euro for the project, the Swiss Agency SECO provided a grant of 10 million Euros and another 7 million Euros is the share of the Azerbaijani government. --17D
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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