State Committee on Property Investment Competition put on 99.92% of the shares of Sabirabad Demir Beton (reinforce concrete production). Shares are offered on the condition of restoring production at the plant of building materials, as well as transfers to the state budget of at least 490 thousand manats.
In selecting the winner, which is scheduled for June 14, preference will be given to applicants with the best practices in the construction sector. Typically, the target GKVI announces investment competition, obviously finding the real buyer. In this case, the investor is offered almost all of the issued shares.
At present, the company listed as 9 people. The authorized capital of JSC "Sabirabad Demir Beton" is 821,1 thousand manats. Obligations and accounts receivable are minor and businesses are measured by several thousand manats. - 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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