From May 2016 the business of Carlsberg Group in Azerbaijan, presented by Baltika-Baku, is headed by Viktor Semak. He will manage two companies of Carlsberg Group - Baltika-Baku and Carlsberg Kazakhstan.
Semak has been the President of Carlsberg Kazakhstan from March 2013.
Baltika-Baku manages the Khirdalan brewery and is the beer market leader in Azerbaijan with a share of over 75% (2015), the company’s press release noted.
Then brewery Baltika-Baku is located in Khirdalan. The company produces popular brands of beer such as Khirdalan, Tuborg, Baltika 7, Baltika 0, Baltika 9, Khirdalan Draft, Cooler, Afsana, 33 Export, and Zhigulevskoye Brand.
Baltika Breweries purchased the plant in 2008, and in May 2009 it was opened after reconstruction. The production capacity is 10 million deciliters per year, and the company employs about 250 people and about 400 people are employed indirectly (distributors, agents and contractors).
The annual contributions of Baltika-Baku to the state budget are about 20 million AZN, and the total amount of investment in the development of the plant is 47 million AZN. ----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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