The February 20 meeting of the Plenum of the Constitutional Court granted the appeal of JSC Azeragrartikinti about court decisions on real property.
Earlier, local courts made a decision to reject the claims of JSC Azeragrartikinti against the State Real Estate Register Service under the State Committee on Property Issues concerning provided extracts from the register and technical certificates of Ltd. Yeni Tekhnologiya AAA of Azerbaycan Senaye Bank.
The last time the Supreme Court issued a decision on the matter in November 2015 and rejected the plaintiff. Now the claim of JSC Azeragrartikinti will be considered again.
In reaching a decision, the Constitutional Court took into consideration Article 60 of the Constitution and Article 96 of the Code of Administrative Procedure.
Control of the shares of JSC Azeragrartikinti is owned by a member of the Milli Majlis Agalar Veliyev. ----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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