Due to efforts of Capital Bank in 2013 the Azerbaijani pensioners would have access to an additional 30 ATMs. Thus, the number will exceed 470 units across the country.
According to today's meeting of Parliament Chairman of the State Social Protection Fund (SSPF) Salim Muslimov, recently the recipients of pensions from the outposts of the Shirvan and Neftchala districts will benefit from cash dispensing equipment. The head of the state fund said that the rapid solution to rapid financial services to the public of the locations associated with the discussion of the problems with the management of the said bank and the International Bank of Azerbaijan (the principal owners of the "social ATMs").
According to Muslimov, IBA soon plans to use two more mobile ATMs, as well as set one fixed ATM in Tovuz. - 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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