OJSC International Bank of Azerbaijan (IBA) has announced a tender for the audit of the consolidated balance sheet of the financial group belonging to it.
According to the IBA, the reports are related to activities in the first half of the year and in the whole 2015. The audit of the first half-year is to be completed before September 15, 2015 and for the year as a whole - before April 1, 2016. The fee for participation in the tender is 500 manat.
Bids accompanied by a bank guarantee for 1% of the requested value will be accepted up to 18.00 on 13 May. The tender procedure will be held at 15:00 on May 15.
For more information, contact E. Abbasov by phone (12) 498 85 36 with an added short number 1225. --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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