Construction of a new administrative building of the Ministry of Taxes of AR has been entrusted to LLC Renaissance Construction Azerbaijan.
According to the State Procurement Agency, it will cost the budget 132 million 121.68 thousand manats. The housing will be located in Baku at the intersection of 105 Heydar Aliyev Avenue and M. Narimanov Street.
Recall, the contractor is a subsidiary of Synergy Group affiliated with business structures of Tax Minister Fazil Mammadov and Renaissance Construction established in 2010. As a monopoly in its field, it specializes in the management of all design and construction works of shopping centers, government buildings, hotels, factories, heavy and light industry, as well as numerous other objects. --17D-
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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