In May of this year in the service of the Central Credit Register (STSKR) there were 192,617 queries, which is 2.3% less than the previous month. Of the total number of calls for only 0.3% was done by individuals, which in turn decreased during the period by 7.4%.
According to the Central Bank, within five months of 2013 there were 819,247 requests in STSKR. In comparison with January-May 2012 the figure rose by 518 thousand units, or 2.7 times. During the same period, by individuals there were 2,018 queries or 0.2% of the total.
On 1 June 2013 the total number of borrowers reached 1.7 million people, of which 1,688 million were individuals.
At the balance sheet date the number of sureties was equal to 622 thousand persons. The total number of credit data for the first time exceeded 5 million. -15B -
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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