From today began repayment of consumer loans of JSC VTB Bank (Azerbaijan) through payment terminals (kiosks) of MilliON (Pay Point).
As stated in the press release of the bank, commission payments to repay loans are not available. "The new way of repayment of loans will significantly expand its customer service network. Through the terminals MilliON customers at any time of the day or night can pay their debts on loans," the press release quoted the words of the Head of Network Development VTB Bank (Azerbaijan) Togrul Aliyev.
The company Komtec Ltd (trademark MilliON) founded in 2008 is the market leader of electronic payment systems in Azerbaijan. Currently, the shopping and entertainment centers, metro stations, railway stations and supermarkets have been installed more than 1 thousand payment terminals MilliON.
The Central Bank of Azerbaijan in March 2009 issued JSC VTB Bank (Azerbaijan) a banking license. In the structure of the bank's shareholders 51% of the shares belong to JSC VTB Bank, 48.99% - to the group of companies AtaHolding, and 0.01% - to an individual. - 17D-
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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