The State Committee for Securities registered the issue booms of the shares of Azerbaijan Construction Investment Group in the amount of AZN 1 million. The placement of shares will be made by private among shareholders, according to the Committee reports.
According to the Ministry of Taxes, Azerbaijan Construction Investment Group was registered in August 2011. Under the Civil Code, the shareholders must pay a stake in the joint-stock company to the founding meeting. The state registration of the company has with the share capital, which means that it has held appeal for the state registration of its shares for exactly half of the year.
There is no information about the projects undertaken by the company. Since June 2012, information on founders profit entities is confidential. Therefore, there is no information about the founders of JSC Azerbaijan Construction Investment Group. - 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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