A new branch Ganjlik of OJSC Ata Bank opened in the Narimanov district. It is located at 3A Koroglu Rahimov Street and provides a wide range of services to individuals and legal entities, according to the press release from the bank.
The new branch offers customers all kinds of banking services, including cash and settlement transactions, loans on favorable terms, deposits, money transfers, receiving various kinds of plastic cards, currency exchange, and payment of utilities.
Functioning since 1993, Ata Bank OJSC has a network of 27 branches and sub-branches in Baku and regions of the country. The bank provides a full range of services to corporate and private clients. -0--
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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