JSC Bank VTB (Azerbaijan) has summed up the announced public tender for the audit of the financial results of 2012 and quarterly reports in 2013 on the basis of International Financial Reporting Standards.
As reported in the bank, according to the decision of the tender commission, the winner was the international auditing company Ernst & Young. The external audit of the bank for 2009, 2010 and 2011 was carried out by Baker Tilly Audit Azerbaijan.
The Russian financial institution Bank VTB acquired a 51% stake in Azerbaijani AF Bank and made the necessary re-branding in 2008. -15D -
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review