In January-June 2015, 99 companies with Azerbaijani capital were founded in Turkey, including 25 joint-stock companies, according to the Union of Chambers and Commodity Exchanges of Turkey (TOOB).
Participation of Azerbaijani investors in the capital of JSCs created in H1 is 78.8% (6 million 822.6 thousand TL). Azerbaijani entrepreneurs invested 5 million 254.6 thousand TL in the capital of 74 companies with limited liability.
16.4 million TL was invested in the constituent capital of the companies with participation of Azerbaijani entrepreneurs created in Turkey this year.
Investors invest mainly in trade, catering, tourism, transport and so on services.
In Turkey, unlike Azerbaijan, the State Register data on commercial entities are not hidden from the public and anyone can read them via various search options (registration number, company name, name and surname of the current or former founder or member of the governing body, etc. .) -----08B
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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