State Committee for Property Affairs concluded with the company "KPMG Azerbaijan Limited" contract for his consulting services. The press service of SCP did not comment on the nature of Turan consultations.
According to the State Procurement Agency, the contract between SCP and KPMG is 172.3 thousand manats.
In January this year, the State Committee held a tender for the selection of the consultant for the privatization of 97% of shares of "Azerboru", the largest to the mid-1990s, steel plant in Azerbaijan. If we are talking about this enterprise, the KPMG prepare a package of documents for the investment tender for the sale of shares of "Azerboru" and evaluate its financial and economic activities. The Company will advise SCP on preserving or changing the profile pipe company needed investment, etc.
Recall that around "Azerboru" from August 2012 there are processes in which SCP prefers to remain silent. From that time to the management of the company had to face from the corner the market of black metal Ltd "Baku Steel Company" (BSC). Executive Power of Sumgayit even informed the public that SCP referred the company to the management of BSC. Information has not been refuted by the parties concerned. Spokeswoman LLC "Baku Steel Company" Namig Akhmedov not deny the fact that the company has interests in OJSC "Azerboru".
BSC is currently growing steel smelting capacity at our plant from 350 thousand to 500 thousand tons per year. It acquired in 2012 from the Turkish-Azeri LLC "DHT Metal" - steel plant with capacity of 200 thousand tons of rebar per year. It is operated by JSC "Baki Poladtokme", involved in the production of steel castings. Local media have also published articles, according to which, the company "Baku Steel Company" of trying to capture "Daskesan Filizsaflasdirma" (Dashkesan Mining Plant). According to Turan, this issue has not lost relevance.
Recall that the JSC "Azerboru" were sold in 2004-2006, the British company "Targol Investment Limited". The contract was annulled by the courts because of the failure of commitments to invest in pipe production $ 50 million. - 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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