Taleh Heydarov, the eldest son of the Minister of Emergency Situations, Kemaleddin Heydarov, officially became the head of a commercial company in Azerbaijan. The office is located in the family-owned hotel of the Heydarovs, Kempinski Badamdar in Baku.
According to the official report recently published in the press, on February 17 was registered LLC Sabah P & D International. The Director is 29-year-old Taleh Heydarov. In what business the company is engaged is unknown.
Prior to this the 29-year-old college graduate at Birkbeck University of London (2007) positioned as a public figure; he is the founder of the Diaspora organization, The European Azerbaijan Society, and the President of the football club Gabala. The successful businessman abroad, Taleh Heydarov is the chairman of the holding company United Enterprises International (UEI).
Formatting business by family members of the Azerbaijani officials is a widespread phenomenon. The daughters of President Ilham Aliyev were considered wealthy far before their marriage: they own banks and large holding companies. The young son of the Minister of Transport Ziya Mammadov is President of Garant Holding (before 2013 ZQAN Holding). -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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