The State Committee for Securities has revealed the organization by the company GAZELLI INTERNATIONAL of a lottery, which was found to be conducted in violation of the law of the AR "on lotteries."
In a press release SSC noted that companies required to suspend the lottery, and the citizens are warned of the illegality of the action and are called to be attentive.
SCS is entitled to authorize the stimulating lotteries. However, the online resource of the agency not the registry stimulating lotteries.
Ltd. GAZELLI INTERNATIONAL was founded in 1999 and is the only manufacturer of cosmetic products in Azerbaijan. The company is owned by Zarifa Gamzaeva, wife of President of the State Azerbaijan Airlines Jahangir Askerov. The authorized capital is 18.7 million manat. - 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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