On April 1, in the whole of Azerbaijan POS terminals conducted non-cash payments in the amount of 172 million manats (+ 12% to the end of March last year).
According to the Ministry of Taxes with reference to the Advisor to the Minister on Audit and Operational Supervision Ilgar Ahmadov, starting from 2014 and to increase the number of POS terminals in the network of trade and services, banks have delivered 75,000 of these devices, so now there are 86,000 units (+ 4,300 YTD). Most of them are in the capital - 62.4%.
The most active on this indicator (except the capital) are the cities of Sumgait, Mingechevir, Shamkir, Shirvan and Lankaran. They are closely followed by the regions Absheron, Shamakhi, Ismayilli, Oguz, Gabala, Sheki, Goychay, Balakan, Gakh and Zagatala.
According to the Ministry, the working conditions of POS terminals were inspected on 30,287 sites in the country, especially in Baku and Mingachevir, in May. Faults were identified for 1,632 POS terminals.
The number of POS terminals is increased, in particular, to facilitate the service of tourists who will visit the country within the framework of the first European Games (12-28 June 2015). --17D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review