The Cabinet of Ministers and the State Committee for Property Affairs decided on the list (https://goo.gl/Y6yQ9Y) of enterprises to be privatized in the medium term. The list has 2,859 enterprises and objects.
The government plans to pass into private hands recreation clubs, cinemas, many departmental hospitals and clinics, recreation centers, hotels, sports facilities, farms, and industrial enterprises.
Subject to privatization are Azeraluminium, factories of Azneftkimyamas, Ganja Automobile Plant, Baku Car Repair Plant, hatcheries, the building of the Baku Maritime Station, the Baku Horserace Stadium, the Sumgait Central Stadium, etc.
Only 51 enterprises will be privatized through corporatization. The remaining businesses will be sold as a small enterprise. 63 companies will be offered for investment contest. The underground car parks at the Winter Boulevard and Azadlig Square will be transferred to control. -----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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