The Baku Olympic Stadium has received the status of a legal entity. The official gazette of the Ministry of Taxes reported on this on June 1.
The authorized capital of LLC Baku Olympic Stadium is defined at the level of 500 million AZN. SOCAR invested $ 710 million in the construction of the sports facility.
The stadium has been transferred to permanent use of the Association of Football Federations of Azerbaijan (AFFA), the press service of the stadium told Turan. According to the founding documents, the founder is the state represented by the State Committee for Property Affairs.
The management of LLC Baku Olympic Stadium consists of 15 people. Thirty people are involved in the sanitation and other services. The security service involves 50 people. In addition, a contract has been signed with the company Orion for the provision of technical and electrical services.
Javid Garayev has been appointed Director of the Baku Olympic Stadium. Previously he was the head of the Marketing and Advertising Department of AFFA.
The Baku Olympic Stadium has 68,700 seats. It was commissioned in March 2015. ---08D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review