State Committee for Property Affairs (SCP) has prepared a list of enterprises to be pre-privatization improvement. The names of companies were not disclosed.
For the pre-privatization improvement of enterprises annually from the state budget there is allocated several million manat to SCP. However, the agency still has never reported about the work done in this direction.
As of the 20th of April this year SCP received from the annual balance sheets at its disposal 69 state-owned enterprises and 296 joint-stock companies in which the state has a 30% to 100% of the shares. By the 20th of April in the land register had data on 146,352 properties that are on the use of 6353 legal entities and 7490 branches. - 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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