Some media published incorrect information about a lawsuit put forward by NIKOIL | BANK against the MP Rafael Dzhabrailov, Elshan Dzhabrailov, Rauf Dzhabrailov and Akif Amanaliev.
As reported in the bank, in the mistaken release distributed by news agencies, it was noted that NIKOIL | BANK filed a cassation complaint against the decision of the Baku Court of Appeal, which was granted.
In fact, with an appeal against the decision of the Baku Court of Appeal, announced May 29, 2012 in favor of NIKOIL | BANK, not the bank appealed, but the defendants, that is, Rafael Dzhabrailov Elshan Dzhabrailov, Rauf Dzhabrailov and Akif Amanaliev. Their complaint was not satisfied, and thus, at the meeting of the Civil Division of the Supreme Court of the Azerbaijan Republic, held on 13 November this year, a decision was made not to grant the defendants' appeal and to uphold the decision of the previous court in favor of the bank, is said in the statement.
NIKOIL | BANK has been operating on the banking market since 1994 and is a universal financial and credit institution, offering a full range of bank services. -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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