Shopping with Bolkart, Communicate by Cell Free
To encourage cashless payment the Bank of Baku starts rewarding owners of Bolkart with a gratuitous balance.
Holders of Bolkart, shopping at AZN 100 from 19 to 21 March 2013 will receive a bonus of 21 minutes on your cell phone balance. For a large sum of purchases, the customer will receive proportionally more balance to communicate by mobile phone.
Prize on the balance on a mobile phone will be transferred to the phone number of the registered bank. The balance will be uploaded on March 31 in the rate of 5 cents for 1 minute in manat equivalent.
Recall that, Bolkart is a free credit card that allows you to buy food in more than 600 stores. Goods purchased through the card can be paid in stages over 1, 3, 6 and 12 months. The total number of owners of Bolkart is approaching 75,000 people. - 15D -
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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