The regional Business Center of JSC PASHA Bank has opened.
As stated in the press release with reference to the Chairman of the Board of PASHA Bank Farid Akhundov, activities of the Business Center in Lankaran will focus on developing partnerships with local businesses, representing small and medium businesses. The Bank aims to provide entrepreneurs, leading its activities in this and surrounding areas, access to financial resources.
The new office will PASHA Bank provides a full range of banking services.
JSC PASHA Bank was established in June 2007. Shareholders are the two entities and one individual.
The Bank is a part of Pasha Holding, based by the relatives of the spouse of the head of state. - 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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