The State Property Committee has announced results of five contests to grant on lease non-residential premises in the telecommunication hubs of Aztelecom company of the Ministry of Communcication and Information Technologies in five regions of the country. Azertelecom has been invited winner of all the contests. .
The Committee reported that three pretenders took part in the contests. The names of companies competing with Azertelecom are not disclosed. For rent of 9.24 sq.m. in Zagatala region the company offered 9 instead of 6.55 AZN of the starting rental fee per sq.m.
Azertelecom is the telecommunication operator in Azerbaijan. The company was established in 2008 to work at the landline communication, internet and data and voice communication market. The network of Azertelecom connects Azerbaijan with the neighbors on the north, South, east and west of the country – Russia, Georgia and Iran.
The shareholders of Azertelecom are Azerfon (95%), Azertelecom (2.5%) and Baku Telephone Network (2.5%).—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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