Last week, a group of companies "Gilan" established three new companies that will work in the field of agriculture. According to the State Register of commercial legal entities is at the address where the head office of the group of companies "Gilan Holding" (the business center Capital Plaza), founded the company "Gilan Cotton and Grain", "Gilan Vineyards" and "Gilan Agricultural International". The capital of all the companies is 100 manat. The first two companies are headed by a Russian citizen Roman Trofimov. Before that, he was appointed director of several agricultural companies Gilan. Gilan has a lot of companies working in the field of agricultural production, processing and packaging. Holding companies are engaged in viticulture and winemaking, grain and flour production, tea-growing, fruit growing, collection and processing of nuts. The ownership group has more than 3,000 hectares of land for growing a variety of perennial and other crops. Holding has several canneries, a network of textile industry. --08B--
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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