NIKOIL | BANK held a grand opening event for its 9th branch in the capital, located in the Narimanov district, at the address 62A Kadyrbekov Street.
The opening ceremony was attended by the Ambassador Extraordinary and Plenipotentiary of the Russian Federation in the Republic of Azerbaijan Vladimir Dorokhin.
Branch № 9 provides a full range of banking services: operations on deposits, loans and bank cards, different types of money transfers, payment of utilities and service providers, as well as rental of safe deposit boxes.
Also, it should be noted that prior to March 29 NIKOIL | BANK holds a deposit campaign SEMENI, offering the highest insured annual interest rate and the opportunity to participate in an instant 100% of winning the lottery.
Under the terms of shares, each depositor has 12% per annum with the possibility of removal of the monthly interest VISA GOLD plastic card as a gift, and guaranteed a valuable gift to participate in a stimulating instant lottery. The minimum contribution to the campaign SEMENI is 1000 AZN or USD and the deposit period can vary from 1 year to 3 years. - 15D -
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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