![Depositors of Bank Standard Received More than AZN 20 Million AZN as Compensation for Two Days](https://turan.az/resized/./turan-750-500-resize.webp)
Depositors of Bank Standard Received More than AZN 20 Million AZN as Compensation for Two Days
Two days after the beginning of issuance of compensation, the depositors of Bank Standard received AZN 20 million 452 thousand, the Deposit Insurance Fund said.
Generally the depositors of 10 closed banks have been granted compensation totaling AZN 285 million 647 thousand. --71D
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- Economics
- 13 October 2016 11:25
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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