OJSC DemirBank gives subsidized consumer loans (including mortgage, car loans and programs with partners) to repeated customers with a positive history of at least 9 months.
As reported in the bank, this program extends to customers that paid off credit debts (except those who applied more than a year after retirement), and clients with a current loan, the term of which ends with a maximum of 6 months. The credit can be issued without a certificate from the employer, if the client did not change the place of work and asked for 6 months after the last repayment.
Repeated customers can receive a credit for a large sum, and the interest rate will be given at a discount of 2 - 3%. Repeated customers with good credit history up to 24 months may receive a loan of up to 2,500 manat without bail, and those with a history of over 24 months - 5,000 manat. -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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