In the first half of this year were registered in Azerbaijan over 5 thousand legal entities, of which over 900 are public kindergartens, the State Statistics Committee told Turan.
Since the beginning of the year in Azerbaijan there were established 279 companies with 100% foreign capital and 71 joint ventures. During January-June 2013, the figures were 265 and 80 respectively.
According to the State Statistics Committee, as of July 1, registered in Azerbaijan were 90 218 legal entities, of which over 74,000 are commercial organizations. In addition, 488,219 individuals were engaged in business. For the year their number increased by about 40,000. ---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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