Today was the presentation of the re-branding of the processing center Milli Kart.
According to the executive director Jalal Orujov, the innovation associated with the need for competition in the segment.
Consultant of the company and head of Dunlop Consultancy, John Dunlop announced the "death" of traditional banking in Azerbaijan and has advised local banks to provide as many services not being equaled only by corporate.
Limited Liability Company "Milli Kart" was established in July 2006, the 18-country banks. In 2010, a shareholder of the processing center with a 10% share was the European Bank for Reconstruction and Development (EBRD).
Milli Kart with a registered capital of 5.5 million manat provides clearing and other transactions with credit and debit plastic cards, simulated by local banks.
The company provides a wide range of quality services with the ability to improve the quality and efficiency of cash and non-cash transactions.
The appeal has more than 200 million cards issued by the center, the majority of which - the credit card. - 17D-
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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