At the December 13 auction 26 state objects were privatized, including 11 vehicles.
As a result of trades, sale and purchase agreements for a total amount of 4.3 million AZN were signed, the press service of the State Committee for Property Affairs.
The next auction will be held on December 20, regarding 58 non-residential premises, small businesses and facilities.
Since July of this year evaluation of privatized objects has been based on the real estate prices formed at the market. Some of the objects do not find an investor at the first attempt. Prior to this, between the real price and the starting price of privatized objects there was multiple difference, and the objects were sold at the first attempt without any competition. ------08D
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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