In the first half of this year in Azerbaijan was liquidated 22 companies with 100% foreign capital and joint ventures 2.
According to State Statistical Committee, since the beginning of the year in Azerbaijan State Register of legal entities were removed 222 companies, 39 of which were state-owned. Over six months were formed 4097 private companies, including 350 with the participation of foreign capital.
For July 1 this year in Azerbaijan operate 5194 companies with 100% foreign capital, as well as their representative offices and branches, 1676 companies in which present and local capital.
Third f companies with foreign capital belong to Turkey. Then come Turkey (9.6%), Russia (7.1%), Iran (5.6%), the U.S. (3.9%), Germany (2.3%.)
Foreign companies operate mainly in the fields of construction - 1048 subjects, processing industry - 590 Trade - 1893 etc. --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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