In 2012, in Azerbaijan 421 legal entities were abolished. Only at the beginning of this year the country registered 78,966 legal persons, which is 4.4% more than in 2011. This was held on January 18 press conference, said the chairman of the State Statistics Committee Arif Veliyev.
In addition, the country at the beginning of this year, there were 432,000 individuals engaged in entrepreneurial activities without creating a legal entity. This is 18.5% more than the year before. About 40% of individual entrepreneurs engaged in trade and repair of motor vehicles. In transport and warehousing work 17.3% of individual entrepreneurs.
The main part of the country's companies with 100% foreign capital, established by Turkish citizens. They account for 26.9% of these companies. This is followed by companies set up by people from Britain - 8.9%, Russia - 5.6%, Iran - 4.9%, USA - 3.8%, Germany - 2.1%, etc. - 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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