In terms of public-private partnerships at its own expense the Azerbaijani company Benkons is building two kindergartens in the Russian republic of Tuva, local media reported.
In 2015, between the Ministry of Construction of the Republic of Tuva (Russia) and Benkons LLC an agreement was signed on social and economic cooperation. Under this agreement, two kindergartens are under construction in Kyzyl on Prigorodnaya Street for 160 places and at 1/1 Druzhba Street for 280 places.
In the construction of these kindergartens Benkons has invested 200 million rubles.
In this region of the Russian Federation Benkons LLC is constructing a five-star hotel and has a number of enterprises producing construction materials.
Benkons LLC was established in Baku in 2008 and has subsidiaries in Russia, Germany and Bosnia and Herzegovina. It is in Gilan Group. Any corporate social responsibility activities of Benkons in Azerbaijan are not known. ----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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