The June 8 meeting of the Board of Directors of the Financial Markets Control House discussed the rates for its services rendered to subjects of the financial market. The FMCH press service said these tariffs had not been approved yet.
At the same time it pointed out that the tariff policy and the new tariffs for services will be established taking into account "international practice and Azerbaijani realities" on the principles of fairness and transparency.
A source in an investment company told Turan the draft scale of charges had not been submitted for the preliminary approval.
Effective from February of this year, FMCH has no information resource.
The FMCH meeting approved a methodology for determining the systemic importance of banks. It has been prepared on the basis of the standards of the Basel Committee on Banking Supervision of the World Bank. The text of the document is not made public. ----08D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review