On September 14th in Baku and regional branches of the Auction center for the auctions will take place the sale of 30 small objects, the total market value of which is estimated at 562,300 manat. According to the State Committee for Property (SCP), investors are offered a total area of 2753.4 square meters. Thus, one square meter of area of the object is estimated at an average of 204 manat. Baku investors have been presented a choice of 18 objects: mainly objects of trade (22), catering, etc., are located in the cities of Ganja, Shirvan, Yevlakh and Sheki, Akhsu and Hajigabul regions. It should be noted that on August 5th the SCP held quotation poll to assess 30 sites. The winner of the public procurement has not been announced. Perhaps, the talk is about the assessment of objects offered for sale. In 2015 the SCP privatized 514 small enterprises and facilities; 8.424.000 were transferred to the state budget, by 15.6% more than in the previous year. 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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