OJSC DemirBank simplified consumer credit conditions for the population. Customers in most cases can get a loan in cash up to 2000 manats based on identification.
As reported in the bank for a loan up to 2000 manats one does not need a guarantor or a certificate of employment. For loans of more than 2000 manats the ensuring has been eased. Under the changes, a deposit (car, gold, precious stones, etc.) required for a loan of 5,001 AZN.
DemirBank offers a variety of loans - "Credit for Educators," "Loans to employees of medicine", "Credit for civil servants", "Loan to employees of the public sector", "Credit for pensioners", "car loan", "loan against gold," "Credit for the purchase of furniture," "Credit for the purchase of household appliances," "Credit repair", etc. -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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