In July of this year queries to the Central Credit Register (CCR) were 87,448, which is 11.3% more than in the previous month. Of the total number of calls only 0.2% was done by individuals.
According to the Central Bank, for seven months in 2012 CCR had 467.59 thousand requests. Compared to January-July 2011 the figure rose by 186.84 thousand units or 66.6%.
On August 1, 2012 the total number of borrowers reached 1.355 million, of which 1.332 million were individuals.
At the reported date the guarantors were equal to 489 thousand persons. The total number of credit data reached 3.555 million. - 15B -
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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