At auctions on January 10, 30 state-owned assets were sold to businesses and individuals. It is reported by the press service of the State Committee for Property Affairs.
At the auction for the sale of 3 residential buildings and several cars several bidders were involved. The assets were sold to those who offered the highest fee. For example, non-residential premises in the Khatai district of Baku were sold more than twice as much - 150 thousand manat.
Two small companies and 12 non-residential premises were sold in Baku.
From privatization of state property the state budget received 1.1 million manat, including 717,000 manat from the sale of the Araz car repair company in Baku. ----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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