A new methodology for security system will be implemented at the Central Bank of Azerbaijan (CBA).
As CBA stated, the technology must conform to ISO 27001:2013. The system should also provide stability in emergency situations and disaster recovery plans.
For this purpose, a tender was announced, in which companies with experience of such systems in banks and large financial institutions can take part. The applicants must have experience in implementation of at least two similar projects in the past five years.
Under the terms of the tender, the methodology should be ready within 150 calendar days from the date of conclusion of the contract with the winner. Stamp duty for participation in the tender is 150 manat.
Call for tenders on the tender until August 8, tender evaluation - August 11. - 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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