The State Committee for Property Affairs (SCPA) has begun to prepare 352 enterprises and objects for privatization.
The first phase will include restructuring, inventory and assessment of these objects, which are on the balance of about 30 public organizations.
“The main purpose of the divestiture of these facilities is to reduce the burden of state-owned enterprises and the state budget for their maintenance, as well as to bring investment to them through privatization,” Turan was told in SCPA.
Note that many departmental health services, cinemas, recreation facilities, manufacturing plants, farms, etc. have been opened for privatization. In addition, the privatization of 2,507 clubs and houses of culture is expected. ----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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