The 8th in a row metropolitan branch of JSC Khalg Bank has opened in Baku at AZ 1025, 25E Nobel Avenue. It is led by Sevinj Akhundova. Interested people can call (+994 12) 404 81 15 (16).
The unit entitled Ag Shahar as well as its other "brothers" provides customers with a full range of banking services on weekdays from 9:30 in the morning till 17:00, Turan was told in the bank.
JSC Khalg Bank is the only one of the big banks, whose regional network of branches is wider than the metropolitan network - 19 to 8.
JSC khalg Bank received its banking license on December 30, 2004. Its shareholders are 3 legal entities: LLC Ideal Business (50%), LLC Euro Standard (33.85%) and LLC Avant-garde - 1 (16.15%).
The Chairman of the Supervisory Board is Asim Mammadli. The Chairman of the Board of the bank is Elkhan Aghayev. --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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