The money transfer system "Caspian Money Transfer" successfully completed the process of integration with the company "Milli Kart".
This integration provides the ability to send remittances to Azerbaijan by the CMT system directly on plastic card clients. This means that the client is not leaving the house, gets translated into a plastic card . At the initial stage, the service is activated only for cardholders of "Zaminbank".
The system "Caspian Money Transfer" was established in October 2007 as the first international money transfer system of Azerbaijan. Creator and clearinghouse system is JSC "Zaminbank".
Operations within the system take up to 5 minutes , and the commission is 1-1.5 % and is charged only with the sender. The total number of service points for today is about $ 200 million , covering 190 countries. Agents of the system are 24 of the 43 banks operating in the country . - 15B -
Economics
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Eel Electric LLC, a resident of the Agdam Industrial Park, has completed 85 percent of the construction of its power distribution equipment and power sockets plant, the Ministry of Economy announced on Monday.
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The State Tax Service (STS) of Azerbaijan has issued an urgent warning to citizens regarding a surge in fraudulent activities exploiting the name of the country's VAT refund project. According to the STS, cybercriminals have been creating counterfeit websites and online pages that closely mimic the official internet resources of the State Tax Service, luring unsuspecting citizens with promises of VAT refunds.
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On July 30, a meeting of the Working Group on "Inflation and Price Monitoring" was held under the chairmanship of the Head of the Cabinet of Ministers, Rufat Mammadov, to discuss price changes in Azerbaijan's consumer market and the government's anti-inflationary measures this year.
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Azerbaijan's foreign trade balance showed a positive surplus of $4 billion in the first half of 2024, according to data from the Central Bank of Azerbaijan (CBA) on the parameters of the interest rate corridor.
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