In order to improve banking services "Bank of Baku" is an updated version of Internet banking. The new system will allow customers to obtain detailed information about their use of banking products and services.
As part of the updated online banking customers of the bank can get the latest data on current accounts, deposits , credit cards , loans, etc. Internet banking service is completely free. With the updated internet banking customers of the bank will be able to get an account statement for the last 3 years. Statement submitted to the customer for free.
Thus, customers can now keep records of their credit card transactions, see the movement of funds in current and deposit accounts, as well as pay outstanding loans. In addition, customers can pay utility bills , payable by mobile and fixed communications, Internet , etc. - 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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