JSC Capital Bank joined the international money transfer system Golden Crown (www.zolotayakorona.ru). As stated in the press release of the Russian system, it allowed them to expand the service network by 94 points - up to more than 1,440 points.
Now customers of Capital Bank can transfer funds to the countries of CIS and foreign countries at the rate of 1% (depending on the amount and direction of the transaction). The transfers are instant, unaddressed and sent without opening an account.
Capital Bank (former Savings Bank) operates for 140 years. Almost all of the shares (99.87%) belong to the group of companies Pasha Holding, and others belong to minority shareholders. --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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