The Central Register of commercial entities of Montenegro has announced the registration of Azmont Bank on April 13.
According to the information available to the public, the bank's capital has been invested 11 million 980.4 thousand Euro. The sole shareholder is LLC Azmont Investments.
The Central Bank of Montenegro announced (http://goo.gl/XDBz46) to grant a banking license (0101-4014 / 83-2) on March 1.
The Board of Directors of Azmont Bank includes five (Ahmed Erentok, Rashad Rasullu, Rashad Aliyev, Korkmaz Agayev and Ana Ivanovic).
Recall that 99.99% of Azmont Investments Ltd. shares owned by Azerbaijan Global Investments. The shareholders of the investment company are Pasha Development, Ata Holding and Synergy Group.
Azmont Investments has also invested in the construction of the prestigious resort town Portnovi in Montenegro. ---- 08B
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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