AtaBank OJSC is planning this year to commission additional 8 ATMs and 700 POS terminals, bringing the total number of these equipments to 80 and 10,000 units, respectively.
As deputy chairman Etibar Babashli said, in the reported period, the bank expects issuance of plastic cards of international payment system MasterCard International, a principal member of which they were at the end of last year.
Today, the bank has 9.3 thousand POS terminals, including 2.3 thousand devices in the regions, as well as 72 ATMs. The total number of active cards is 23.3 thousand.
Recall that, since May 2006, the Bank is a principal member of Visa International and has been issuing debit and credit cards Visa Electron, Visa Electron Vertical, Visa Electron Aroma, Visa Electron Solo, Visa Classic, Visa Classic Solo, Visa Gold, Business and Platinum. - 15B -
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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