The Central Bank of Azerbaijan has published the first virtual bulletin studies. The work carried out and presented to the Center for Research and Development of the CBA.
According to a press release (http://cbar.az/releases/2013/05/31/central-bank-issues-new-publication-researches-bulletin), the magazine consists of two sections: the analysis of the global financial trends and fundamental Studies of the CBA.
Along with research markets reader can find predictions and simulations out of crisis situations, here are reflected specific types of tax havens, the most promising and convenient payment system and so on.
The Bank plans to continue the publication of the newsletter. - 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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