In order to meet the everyday needs of customers, the Bank of Baku announces discount campaign "Cash loan for the soul."
The campaign announced a reduction in annual interest rates of up to 3.5 %. The exact amount of the discount will depend on the credit history of the borrower and the workplace. Loan term up to 34 months, the amount of up to 10,000 manat .
For every 1,000 manat loan, including principal, interest and commission, the amount of monthly payment starts at 45 manats. In addition, in the event of a customer bonuses on the map "Dostlar Klubu", all commission costs will be deducted from the bonus amount.
The campaign discounts will be in effect until November 30, 2013 . -15D -
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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