In connection with the professional holiday of workers of Azerbaijan Medical June 17 Bank of Baku announces preferential credit campaign.
Under the terms of the campaign Bank of Baku announced a 3% discount on the annual interest rate cash loans for health care facilities. The maximum loan amount is 10 thousand manats. Term is up to 30 months.
Employees of medical institutions have a cooperation agreement with the "Bank of Baku", as well as repeat customers of the bank can only get credit for presenting proof of identity. Preferential credit campaign for employees of medical institutions begins June 7 and ends July 7, 2013
To learn more about the conditions of this campaign, you can call the Information Center Bank of Baku on a short telephone number 145. - 17D-
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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