Public Procurement Agency (PPA) announced the results of more than three thousand procurement organized on a competitive basis in January and February of this year. Among them there are the results of six tenders and quotations for the selection of the auditor of the financial statements for the year 2012. Thus the costs of contracts signed under these terms differ from each other by hundreds of times.
Audit of the Azerbaijan Mortgage Fund under the Central Bank will be held by KPMG Azerbaijan Limited, which is priced services in 84,000 manat.
The company Baker Tilly Azerbaijan has won the tender for the audit of the financial activities of the State Committee on Securities and the state-run Azerbaijan Investment Company, respectively, which will cost them 23.5 thousand and 5 thousand manats.
Financial activities of the state-run Azerlotereya will be checked by the free auditor Yasin Shirinov. In previous years, audit of the lottery monopoly was held by M & J Accuracy Consulting.
The largest contract was signed by the water supply company Azersu. Audit of its financial statements by the Azerbaijani branch of Ernst & Young will cost 353,430 manat, said GAZ. - 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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