In November of this year to the Central Credit Register (STSKR) there were 122.812 queries, which is 15% more than in the previous month. Of the total number of references only 0.18% was done by individuals who, in turn, increased during the month by 22.3%.
According to the Central Bank, for eleven months in 2012 STSKR was 882,790 requests. Compared to January-November 2011 the figure rose by 427,870 units or 94.1%. During the same period, individuals gave 1,760 requests, or 0.2% of the total.
On 1 December 2012 the total number of borrowers reached 1.5 million, of which 1,476,000 were individuals.
At the reporting date the number of guarantors was equal to 529,000 persons. The total number of credit data reached 4.07 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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