The Cabinet approved new rules in connection with POS-terminals. According to the innovation, the installation of non-cash payment services in Baku, Sumgait and Ganja is to be completed by the end of this year.
In the Absheron district and also in 17 cities and regional centers (Mingachevir, Yevlakh, Guba, Lankaran, Shamakhi, Sabirabad, Salyan, etc.) the installation of POS-terminals is to be completed in 2013. In 2014, other areas will be also covered, and in 2015 POS-terminals will be equipped with all the localities of the country.
Terminals are to be installed at the facilities, whose turnover is 2,000 AZN per month, facilities subject to VAT, specialized facilities for the sale of cars and furniture, sports and health centers, health facilities, recreation and entertainment, hotels, homes celebrations, ticketing for all types of passenger vehicles.
As of the 15th of July in Azerbaijan POS-terminals were equipped with 36.5 thousand objects.
The Cabinet of Ministers has instructed all concerned government agencies to carry out the necessary work to pay taxes and services by means of payment cards. - 08D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review