The State Committee on Property (SCP) has prepared a new specialized portal (www.privatization.az) on the privatization of state property.
This information resource will provide detailed information about enterprises and objects offered for privatization, which SCP has not done. So far, the portal contains information about Dashkesan Mining Plant and JSC Bakelektroavtomat. In the future with the help of this portal electronic trading will be also carried out.
On July 26 SCP held a public presentation of the new resource with the participation of international consulting companies, public and international organizations.
SCP, pursuant to the instructions by the Head of State on the preparation for the privatization of enterprises, cooperates with the consulting companies KPMG, PwC, Ernst & Young and Deloitte & Touche, and with experts and specialists.
"The list of enterprises subject to privatization has been prepared and the action plan for the preparation of the privatization has been approved," the SCP Deputy Chairman Rafig Jalilov said.
A stock analyst Jafar Ibrahimov believes it is expedient to provide BSE participation in the privatization, as BSE has the expertise, the necessary infrastructure and the human resources. According to him, the exchange will also provide high transparency of the privatization process, coverage and most importantly - the confidence of investors. ----------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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