Pepsico Azerbaijan Company has been established and registered in Baku.
The Ministry of Taxes reported the office of LLC Pepsico Azerbaijan is located in the business center Bridge Plaza.
The company's authorized capital is AZN 525,548. Natig Musayev has been appointed Director of the company.
Since 2011 LLC Benkons has been a strategic partner of Pepsico International in Azerbaijan. The company has franchises in the production and distribution of carbonated products Pepsico International. The Pepsi production is carried out at the company LLC Mars Overseas.
Ltd. Benkons is one of the leading units of the group of companies Gilan Holding. The company cooperates with more than 40 companies from 30 countries based on official and exclusive distribution agreements.
Since June 2008, the names of the founders of companies are considered confidential in Azerbaijan. --08B
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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