The Ministry of Economy issued a report on the activities of the state-run JSC Azerlotereya for 2015. For the first time since 2000, the report lacks information on the results of economic activities of the monopolist in drawing lotteries in Azerbaijan.
In the report there is no information on the number of lottery tickets sold in 2015. The data on merchandise prizes (156 cars), lottery tickets sold through the TOPAZ network (927,000) and online sales (144,600) are given. The purchase of cars was spent over 2 million manats.
JSC Azerlotereya refused to provide information about the results of the lottery business in the crisis in 2015, saying only that the details will be made public only after the completion of the audit.
In 2014 JSC Azerlotereya sold 27,888,818 pieces of draw and instant lotteries. Revenues of the JSC amounted to 29 million 236.7 thousand mantas, including interests on deposits. ----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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