In 2014, the value of fixed assets of construction companies in Azerbaijan increased by 6.8%, and reached 3,285,000 manat, the State Statistics Committee told Turan.
Since 2009, construction companies have increased their assets only on fixed assets by 1billion 95 million manats. Fixed assets of these companies are expressed in buildings and structures (40.3%), machinery and equipment (32.6%), vehicles (23.3%.), etc.
Companies grow mainly due to profit. Only in 2014 profits of construction companies rose by 70% to $493.7 million manats.
During the year the number of construction companies increased from 1446 to 1498. The majority of these companies (855) is engaged in the construction of buildings. In the area of construction of civil operate 227 specialized works - 416 companies. 08B
Economics
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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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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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