The Tax Ministry registered the company "Gilan Agro". A source in the group of companies "Gilan Holding" confirmed for Turan that the company set up by this holding will be engaged in intensive horticulture.
The company said that in the regions of the country are divided orchards, and in coming years will give the first crop.
Ministry of Economic Development in 2011, funds projects for intensive gardening, creating nurseries and seed farms. Loans granted by the National Fund for Entrepreneurship. According to the foundation's Web site, at the implementation stage are 9 such projects aimed at the intensive cultivation of apples, pomegranates, olives, etc. Gilan Holding is a user in soft loans NFES.
Group of companies Gilan Holding owns LLC "Agro-Azerinvest" which owns 2,000 hectares of land in several areas of the country since 2004, is the European grape varieties and made wine. The holding company owns several factories, dairy and livestock farms. He also wrote a number of plants for the production of fruit juices and preserves. The company has a leading position in the agricultural sector. Only one of these plants ("Gilan Qebele Senaye Istehsal") is capable of handling up to 700 tons of fruits and vegetables. Since 2007, the capacity of the plant was increased by more than 4 times. - 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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