The local mobile operator Nar Mobile announced the appointment of a new CEO.
According to the official report, they appointed Kent McNeley, succeeding Juergen Pitz, who was appointed CEO in Azertelecom.
The new appointee, as he said, will contribute to the company's extensive experience in managing large telecommunications companies.
He is a senior manager with an exceptional track record in management, marketing and engineering. He has held a number of senior positions in companies on 4 continents and brings an invaluable contribution to companies such as VimpelCom (company brand Beeline), Eastman Kodak, Citibank, and so on.
McNealy was responsible for a number of projects that have increased in a very short period of business and income of its companies. Speaking of his appointment, he said: "... We will continue to work on improving the quality of our products and services, and maintaining reasonable prices. We also focus our efforts on finding new opportunities that arise due to the development of mobile Internet." -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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