The processing center Azeri Card expanded partnership with JSC Bank BTB through the introduction of a new service "page of online payments."
According to the information center at the International Bank of Azerbaijan, the innovation allows customers to quickly, reliably and around the clock to pay loans and to replenish the deposit amount and card accounts.
The service is as simple as possible. Thus, in repayment of a loan the amount paid is automatically deducted according to the schedule. If the amount exceeds the monthly payment, the funds are debited from the principal debt.
JSC Bank BTB received its banking license in April 2010. Its shareholders are three individuals. --17D-
Economics
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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