JSC VTB Bank (Azerbaijan ) has launched a new product - a credit card is "Exclusive " at the Visa Gold.
Credit card is designed for large retail customers , the business owners with a limit of up to 10,000 manat . Card validity period is of 24 months.
Credit card allows "exclusive" to the owners: Make cashless payments for goods and services and withdraw cash
JSC VTB Bank (Azerbaijan) is a subsidiary of VTB Bank . The share capital of JSC VTB Bank ( Azerbaijan) is shared between the two major shareholders : VTB Bank ( 51%) and JSC "AtaHolding" ( 49%). JSC VTB Bank (Azerbaijan) provides services to corporate businesses , small businesses and private clients. The bank is now represented by 4 branches and 1 branch located in the head office . -15D-
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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