During the first quarter of 2013 in Azerbaijan were privatized 150 state-owned enterprises and small objects. For the comparable period in 2013 were denationalized 270 such enterprises and projects.
According to the State Committee on Property Issues (SCPI), from the beginning of the year were sold lands, on which about 130 objects are located. Some of them, which were formally abandoned by their users, were sold at public auction. During January-March last year, it sold 220 plots.
Through 12 cash and specialized cash auctions were privatized shares of 11 joint stock companies.
Also decreased investment in companies privatized on investment contests. In the first quarter, they decreased from 1.3 million manat (I quarter of 2013) to almost 1 million manats.
On the revenue to the state budget, as a rule, there are no SCPI reports. This year they are projected at 35 million manat.
Privatization in Azerbaijan is noncompetitive and all enterprises and objects are sold at auction at a starting price, which is several times lower than the market. Local media claim that the companies are sold to known persons. - 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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