November 25 , in Baku was officially opened the new headquarters of Nikoil Bank.
As reported in the bank, cut red tape solemn major shareholders of the Bank in the face of the President of JSC Lukoil Vagit Alekperov , Board Member Finance Corporation "Uralsib" Nikolai Tsvetkov , President of ISR Holding Iskender Khalilov and Chairman of the Board of Nikoil Vasily Khamaza.
Among the honored guests were Archbishop of Baku and Azerbaijan Diocese - Alexander , the Russian ambassador to Azerbaijan Vladimir Dorokhin , Ambassador of Belarus to Azerbaijan - Nikolai Paskevich, Head of the Eurasian union Lukoil, Alexander Terletski, director of Lukoil - Edward Mukhametov , etc.
This was followed by a press conference with shareholders and the Chairman of the Board. -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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