JSC Rabitabank begins a new credit campaign timed to the professional holiday of oil.
Under the terms of the campaign the bank will not charge interest on oil workers for the second year of a two-year loan received during the campaign. Thus, for the period of the campaign any representative of the oil sector in the country will be able to get in Rabitabank a loan in cash for 2 years and pay interest on the loan only for the first year.
For an 18-month interest free credit the grace period is the last 6 months and for a year-long loan it is the last 3 months. The campaign will last until October 20, 2013. -15D -
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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