The head of the press service of JSC International Bank of Azerbaijan (IBA) Rauf Agayev resigned. In this position, he worked for more than 14 years. Instead, Yadigar Jafarov was appointed today.
Prior to this appointment Jafarov served as Head of Public Relations in Azer-Turk Bank, so the initiative was made by the current head of the IBA Elmar Mammadov, who also came from the joint Azerbaijani-Turkish Bank.
His professional career began in journalism in 1998. Until 2006 he worked in the newspapers Azerbaijan and Sharq. From 2006 to 2010 he served as the press secretary of the State Service of Real Estate Register under the State Property Committee.
Jafarov holds a PhD in philology.
IBA was founded in January 1992. The main shareholder is the Ministry of Finance, which owns 51.07% of the shares, and other shares belong to private individuals and legal entities. --17D-
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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