The Azerbaijani President Ilham Aliyev appointed Zakir Zaur Oglu Ibrahimov Chairman of the Board of JSC AzerGold on May 26.
Zakir Ibrahimov previously held the same position in another state joint-stock company, Temiz Shahar (Clean City), which manages household wastes in Baku and works unprofitably.
CJSC AzerGold was established on 11 February 2015. The charter and structure of the joint-stock company was approved on May 11 of this year.
According to the charter, the JSC Board has 5 members, who are also appointed to the post by the head of state. The appointment of other members of the Board is not reported.
CJSC AzerGold carries out studies, research, exploration, development of deposits of non-ferrous metal ores and management, application of new technologies in the industry, modernization of logistics and its sustainable use, as well as performs other activities related to the development of this industry.
It should be noted that on May 25 the President also signed a decree on the transfer of management of gold deposits located in the Dashkesan region. Previously, these deposits were in the use of foreign companies. ------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