OJSC DemirBank introduced a new campaign on customers' money transfers to Turkey - UPT.
During the campaign the commission for cash transfers to Turkey of U.S. $ 10 000 or 10 000 euros will be only $ 5 or 5 euros respectively. The promotion will be valid until January 15, 2014.
It should be noted that customers can carry favorable term remittance by UPT system for up to 10,000 U.S. dollars or euros for just 1 minute. You can make a transfer to more than 4,000 points in Turkey.
Customers sending or receiving remittance in an amount not less than 500 AZN / USD / EUR or 15000 RUR, get a gift card for mobile telecom payment in the amount of AZN 1. If the transfer amount is not less than 2000 AZN / USD / EUR or 60000 RUR, the customer receives a gift payment card in the amount of AZN 2. - 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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