The state-run JSC Azeravtoyol has undergone structural reforms, according to which of the 110 units 96 have become independent, which will continue their activities in the new organizational-legal form.
Road maintenance and so on departments of Azeravtoyol have been transformed into limited liability companies. The press service of the company told Turan that as part of these reforms seven companies were created and will be engaged in the operation of major highways (Baku - Guba - the state border with Russia, Baku - Alat - Astara - the state border with Iran, Baku - Shamakhi - Muganli, Yevlakh - Zagatala - the state border with Georgia, etc.).
Under the new structure, under JSC Azeravtoyol there are 10 road maintenance companies (RMC) in Baku and 55 LLC in other regions, as well as 10 special function RMC, 10 enterprises for planting protective strips of highways, etc.
On the balance of Azeravtoyol there are 17,529 km of roads, of which 4,385 km are roads of national purpose. Under the occupation of the Armenian armed forces are 267 km of roads. In addition, the company operates 1,299 bridges. -----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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