The name of a new company has appeared in the state register of commercial legal entities with the brand Gilan - LLC Gilan Construction and Development.
Data analysis showed that this is not a new creation by LLC Gilan Group (the old name - Gilan Holding), but LLC Gilan Development (TIN 1304325251) created on December 4, 2015.
Elvin Ismayilov has been appointed Director of Gilan Construction and Development. He is the head of LLC Gabala Sport Store and LLC Gabala Shooters Club.
Note that the group of companies Gilan is represented in real estate and construction projects by several companies. The group occupies a leading position in the construction industry, both in Azerbaijan and abroad.
Control of the group of companies Gilan Group is carried out by the sons of the Minister of Emergency Situations Kamaladdin Heydarov. ----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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