Azerbaijan State Oil Fund could buy the trade-business centre "Actor Gallery" in the Moscow centre, writes Izvestiya newspaper.
The newspaper writes that the Fund has already petitioned to the Russian Anti-Monopoly Service to buy 100% shares of "Tverskaya, 16" company, which owns and manages the centre. The final decision has not been made yet. According to the experts' estimates, market value of the object is $100-105 million.
"Tverskaya, 16" now belongs to the Capital Insurance Group. It was announced in April 2012 that the building was put up for sale.
The building on the crossing of Tverskaya street and Strastnoy boulevard (in front of "Armenia" store) was built in 1882. The Russian Theatre Society and the Actor's House with the restaurant by the same name were located here in the Soviet times. In 1990 the building caught fire, which burnt everything, leaving the facade. The building was renovated in 1995 and the office part was built here in the courtyard.
"Actor Gallery" is among the first elite objects of commercial property of the Russian capital. The area of the trade-business centre occupies 18,000 sq.m.-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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