Azerbaijani President Ilham Aliyev on July 19 made adjustments to the May 19 document providing for restrictions on the decision-making on the part of the State Committee for Property Affairs (SCPA) on state property privatization.
According to the new decision, SCPA will decide on the privatization of enterprises that were open to privatization by decisions of the President of Azerbaijan before the entry into force of the decree dated 19 May 2016, and subject to privatization of enterprises, facilities and land on the SCPA decisions. All of the remaining state-owned enterprises will be exhibited for privatization by the President.
The government will prepare a new draft law "On privatization of state property," according to the law "On appraisal activity". In the previous decree it was noted that the assessment of state property shall be carried out in line with the market value. The term of preparation of the bill expires today, July 20. -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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