By December 2 deadline for receipt of applications from investors, claiming 30 % of the shares of a bakery in Shirvan . The buyer of shares of Roza-Chorek should commit themselves to reconstruction or creating any other production company dormant .
The aggregate value of the offered shares is 146,400 manats. Their acquisition requires only 25,000 AZN. In addition, the winner, if such would be, must pay within 90 days of debts owed by employees totaling 7.1 thousand manats. At the same time the general obligations of the bakery on the first of September this year reached 650 thousand manats. Joint-stock company are not paid debts amounting to 312 thousand manats.
Joint Stock Company does not hold general meetings of shareholders and the controlling person of unknown Roza-Chorek. On BSE practically not registered transactions with shares of this stock , par value of its shares is 1 manat .
The bakery in Shirvan was commissioned in 1987. State Committee on Property (the seller of state property) does not provide information of its power , buildings and land area. - 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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