The merger of Enerqoservis and Enerqokomplekt-F has been announced, with the termination of the latter one. The first one is one of the current shareholders of Expressbank.
Ltd. Enerqoservis continues to remain in the ranks of shareholders of Expressbank OJSC after the shareholder structure was reformed in 2008. Then the bank came under the control of Company ADOR (42%) and Azenco Group (40%). Moreover, since that time the company Enerqoservis despite repeated capital growth, increased presence in the bank from 17.06% to 17.69%.
The first registered office of the company Enerqoservis was the Agstafa district in the west of the country. Now it has changed the address for the opposite part of the country (Khachmaz city). The company is headquartered in Baku. The authorized capital is 4 million 970 thousand manats.
The company does not have a corporate website. Its owner is also unknown. The company is one of the suppliers of electricity facilities, electrical and household electrical appliances (Russia, Belarus, and Japan). -0--
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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