Investment competition for sale of 99.22% shares of the Dashkesan ore-dressing plant failed again. Investors have shown interest in this company, for the development of which the state requires to invest not less than $600 million.
This week has expired the period for acceptance of proposals for privatization of "Daskesan Filizsaflasdirma". The seller, the State Committee for Property Affairs (SCPA) does not comment on the reasons for the absence of submission of applications for the acquisition of the company.
Investors have been given a two-month period for submitting applications, which expires on March 31.The SCPA changed one of the conditions to investors. The minimum size of the bonus for the privatization of shares reduced from 110 million to 100 million manat.
In the autumn of 2016 the government attracted through tender for the privatization of this attracted an international consultant – the KPMG Azerbaijan company. In the case of the privatization the company will receive from the winner 160.000 manat. -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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