NBC Bank has become a new partner bank of the Information and Billing Center of the Ministry of Communications and High Technologies of Azerbaijan in the field of electronic certificates for private data about citizens.
According to the Center, it is the 12th in a row cooperation for it. Previously, the body established relations with the Bank of Baku, Uni Bank, Access Bank, Mugan Bank, Bank Respublika, Bank BTB, AG Bank, Rabita Bank, the International Bank of Azerbaijan, Express Bank and Demir Bank.
The service provided by the Center allows citizens to electronically receive certificates from 7 government agencies. According to the leadership of the Ministry of Communications, the number of service and government organizations will be expanded. --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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