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What the government of Azerbaijan can expose to privatize?
The potential areas where the government of Azerbaijan can expose companies to privatize is the sphere of electric power, utilities, construction, maritime transport and telecommunications, said in an interview with Turan an economist Natig Jafarli, the Executive Secretary of the REAL Movement. Commenting on today's announcement by President Ilham Aliyev about the plans for privatization of state property, he noted that the government can bring to the privatization joint stock companies where all shares are owned by the state - "Azerenerji", "Azerishyg" (power distribution company), "Azersu" (water distribution company), "Caspian Shipping" and others. Moreover, deregulation may be subject to such companies as "Azerkerpu" and "Azeryolservis" construction and maintenance roads. The interest of investors can represent a production association "Aztelecom" that manages the fixed telephony network across the country, except for Baku. In addition, the "Aztelecom" controls a large segment of the market of Internet services.
However Jafarli doubt that serious foreign investors will show interest in privatization in Azerbaijan, taking into account the country's lack of an independent judiciary, a vibrant civil society and media freedom, as well as the presence of corruption. Without these factors, the risk of loss of investment in Azerbaijan is extremely high and many people remember the sad experience of the Turkish company Barmek, expelled from the country after large investments in the energy network of Baku. With regard to the State Oil Company SOCAR and AZAL Airline, the expert doubts that the authorities will give these revenue structures in private hands. -06D-
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- Economical review
- 18 January 2016 16:56
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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