JSC Demir Bank intends to evaluate its own property and has announced a competition among the specialized companies.
Applicants for the contract should have experience of property valuation of banks in accordance with international standards - it requires five years' experience, the ability to create a professional report based on the works within one working day in any region of Azerbaijan.
Proposals will be accepted by the bank management before October 26.
JSC Demir Bank has operated on the local market since 1989. Its shareholders are more than 850 individuals and legal entities. Among the shareholders - the European Bank for Reconstruction and Development (25% + 1 share), Netherlands Development Finance Company (FMO, 10%). --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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