The International Bank appointed a new CEO, Vasif Ahmadov. He replaced in this post Abbas Nasibov, who resigned as desired.
The bank's press service confirmed this information, saying that the appointment was made on 14 December. Prior to IBA, Ahmadov served as first deputy chairman of the insurance company Ateshgah Insurance.
In general, the International Bank has CEO. In addition to the Ahmadov, the bank's General Directors are Hidayat Sultanov and Fuad Islamov.
Recall that on 8 December the head of the International Bank of Azerbaijan Elmar Mammadov was dismissed and replaced by Khalid Ahadov. -------71D
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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