As of July 1, 2012 the total number of active payment cards issued by the Processing Center Ltd. Milli Kart amounted to 228,000 units. This is 37,000 or 19% more than recorded at the end of last year.
As reported in the center, the number of POS terminals owned by the company grew by 75% to 5.6 thousand, and the total number of ATMs increased by 7 units to 327.
The number of banks issuing MasterCard payment cards increased from 5 to 6, and the number of those producing local cards increased from 3 to 4. In the first half of this year, production of Visa cards was performed by 8 banks.
Today, Milli Kart provides services to 12 banks. - 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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