The Central Bank of Azerbaijan (CBA) reports that by 1 May, there were 2,553 ATMs in Azerbaijan (minus 5.3% to the beginning of the year). Most of them (1,412) were installed in Baku, while the rest 1,141 were in areas of the country.
During the first European Games in June 2015 significant increase in the number of POS terminals was recorded (+ 6.9%), but now the total number is 73,960 units (minus 7.9% to the beginning of the year) on all trading facilities and services. In Baku there are 42,762 (minus 12.7%), and in the regions – 31,198 (minus 0.5%). Almost all of them (98.2%) operate in retail trade facilities (72,676). --17D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review