The Milli Majlis at today's plenary session released from state duty investors, who invest in projects based on the "Build, Manage, Launch" principle.
According to the Chairman of the Economic Policy, Enterprise and Industry Committee Ziyad Samedzadeh, who presented the bill "On Amendments to the Law On State Duty", the innovation is proposed in the wording of the new article 3.3 (On the implementation of investment projects related to construction and infrastructure sites based on special financing).
The MM decision is based on the presidential decree of 21 April this year on the application of the law "On the implementation of investment projects related to construction and infrastructure sites based on special funding."
This funding model is offered in the construction of bridges, tunnels, reservoirs, sewage systems, news and conference centers, educational institutions, objects of culture, health, tourism, commercial buildings, wholesale markets, factories and similar facilities, sports centers, dormitories, parks for recreation and leisure, industrial, technological and agricultural parks, automated control systems based on high technology enterprises for manufacture, distribution and sale of electricity, highways, main roads, railways, civil airports, seaports, logistics centers, bus stations, subway lines and stations, special economic zones, etc.
According to the decree, the authority to sign contracts based on the "Build, Manage, Launch" model and to launch sites after the completion of the terms will belong to the Ministry of Economy. --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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