During the first European Games (12-28 June), the local banks are required to ensure smooth operation of cash machines (ATM) and POS-terminals, reads the information of the Central Bank of Azerbaijan.
Heads of commercial banks have received instructions at the meeting on acquiring card payments to ensure the stability of the infrastructure handling payment cards. This is due to the influx of foreign fans, whose money is accumulated in the electronic means of payment.
The number of compulsory measures is to ensure local and foreign currency network ATM, regular technical supervision of ATMs, monitoring the quality of work and the use of POS-terminals in this habitat, as well as informing the trade and service objects of the rules of use of POS-terminals in areas related to the Games. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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