The International Bank of Azerbaijan (IBA) changed its corporate identity according to its new business strategy.
First, the logotype of the IBA was changed. New symbol of the IBA is the eight-pointed star, stylized in the manner of the national ornament called shebeke. New logo reflects respect of the Bank to the national culture and visualizes its main goals. This dynamic logotype symbolizes forward movement and unity, emphasizing the aspiration of the Bank for continuous development.
New corporate color, which is now brilliant blue, also has a symbolic meaning. This color represents reliability, earnestness and stability of the Bank. White color completes blue and symbolizes joy and transparency.
Another renewal in a corporate identity of the Bank is the selection of a new slogan “Endorse your success!”. The IBA intends to convert partnership with clients into the main reason of their success. Therefore, from now on the Bank will address its clients with this slogan. –08D---
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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