A manufacturer of steel and polymer pipes and fittings, as well as agricultural products, Met-Ak LLC joined the Baku Stock Exchange's Consultative Listing Program (CLP). This program is aimed at encouraging companies to finance from capital markets.
On the eve, on March 28, the acting chairman of the Board of the BSE Vugar Namazov and the executive director of the Met-Ak company Aydin Kerimov signed an agreement to join the CLP.
Met-Ak Ltd. (https://www.metak.az/az/company) has been operating since 1997. The company is one of the leaders of the market of steel and polymer pipes in Azerbaijan. ----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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