The tender procedure, after which the construction contractor for the Neftchala industrial quarter (the first one in Azerbaijan) was determined, has been completed. According to the customer (JSC Azerbaijan Investment Company), the construction work is entrusted to LLC M-Naf, which won the tender.
This is not the first success of a limited liability company - before it received an order for laying roads in the territory of the Sumgayit industrial park at a cost to the customer (again AIC) at 47 million manats.
The tender procedure is completed on September 2. Earlier - 6 April, MDM Ltd. signed a contract for development of design estimates in the framework of the industrial design of the Neftchala district.
The industrial park will be located on 10 hectares, and AIC will be its organizer and regulator. --17D-
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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