In order to increase the turnover of non-cash payments in Azerbaijan, AtaBank and VISA International from October 21 announced the launch of a new joint action.
The campaign "Discover the world of privileges VISA!" will continue until the 20th of December.
All bank customers who have purchased premium cards Visa (Gold ve Platinum), will receive 3 coupons with a 20 % discount from the retail chain MyBrands.
Coupon for 10 % discount is available to all existing cardholders Visa Premium, having made a purchase with a Visa card in stores MyBrands in the amount of 120 manats. Regardless of the type of card Visa, all participants in the campaign also will receive a discount card MYBRANDS STANDART, which gives cardholders a 5% discount on all products in the shops MyBrands. Coupons can be used only once. Coupons are valid until 15 January 2014 .
The network includes shops MyBrands United colors of Benetton, Bebe, Sisley, Accessorize, Tommy Hilfiger, Monsoon, Adidas, Nike, Nine West, Coast, etc. Details about the conditions of the action can be found at the following addresses www.mybrands.az/ru/ shops and www.facebook.com/VisaAzerbaijan.--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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