Ltd. Synergy Trade House passed state registration on May 25. The official address of the company coincides with the central office of one of the fastest-growing holdings of Azerbaijan Synergy Group - Baku, 55 Zarifa Aliyeva Street (business center Yeni Hayat).
The joint-stock company confirmed the attitude of the company to it, noting that it will deal with trade and foreign trade operations. More information about the new "daughter" will be distributed by the group soon.
The authorized capital of the company is 500 manats. The Director of the Company is Azer Suleymanov.
Recall that this year Synergy Group established at least two companies with its trademark (Synergy CSR and Synergy Jet).
JSC Synergy Group was established in April 2010. The financial-industrial group includes at least 30 companies, some of which operate in the country. The holder of 99% of its stake is Ashraf Kamilov. ---08B
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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