The State Committee for Property Affairs (SCPA) announced the November 22 regular tenders for the privatization of 16 non-residential premises, and 36 enterprises and objects.
According to SCPA, these facilities are mainly located in Baku (41 objects). Investors are offered 20 individual objects together with the land.
The total area of the 52 objects offered for sale is 12,600 sq. meters. These objects have about 47,000 meters of land area. The total assets of these objects are estimated at 2.7 million AZN, and their lands - 1 million 847.5 thousand AZN.
Ten 10 objects have one employee each. In other words, 42 objects are idle. SCPA notes that auctions are conducted in an open and transparent manner. Any investor may take part.
The next auction will be held on October 25. ----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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