Expressbank has announced a zero tariff to the commission from remittances, using the ruble equivalent. This collaboration with the money transfer system Golden Crown is called "The rate 0%".
According to the financial and credit structure, the commission at the event will be charged only with those customers who carry out money transfers in Russian rubles, but paid in manats in its branches.
Recall that the customer service network Expressbank includes 18 branches, two thirds of which are located in the cities of Baku and Sumgait, the other 6 - in Ganja, Mingachevir, Barda, Gusar, Khachmaz and Shirvan. Furthermore, in its possession there are about 90 ATM, 7,500 POS terminals and 300 ExpressPay payment terminals.
For more information, apply to the operator at the Information Center (short number 132), the www.expressbank.az site and the official page on the social network Facebook (www.facebook.com/Expressbank). --17D-
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review