JSC Bank of Azerbaycan to access the bank's services to customers and the public areas as well as support the development of the economic potential of the regions of Azerbaijan will continue to expand its branch network in the current year.
As reported in the bank, they will soon put into operation a regional branch in Lankaran.
The new division will have physical and legal persons a full range of banking services, including cash settlement transactions, deposit, issuance of consumer and business loans, plastic card, transactions on money transfers, receipt of payments for public utilities and mobile phone inside bank transfers, etc., the report said.
Currently, the bank operates through 17 branches and three offices, including eight regional offices. -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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