Today, October 12th, the merger of 30 companies with LLC Ram-Nur was announced. On completion of the merger, the remaining 30 companies will be eliminated.
In the global network there is no information on the business activities of these companies, including Ltd. Ram-Nur. The Director of the company is Ramiz Gochaliev. The company's capital does not exceed 50 manats.
These companies were set up in 2008-2013. As Turan IA found out, the founders of these companies are different individuals, although 31 companies were established at 7 addresses in Baku.
The Ministry of Taxes included Director of LLC Tekhnovilla Kenan Veliyev in the list of persons, whose leaving the country is limited because of the tax debt. Turan clarified the debt is 4,508 manats. And in 2015, the State Social Protection Fund filed a lawsuit against Elite Catering Company because of the debt on compulsory social insurance. ----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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