JSC Zaminbank due to the development strategy of retail banking translated the branch Business in Baku to a new address.
As reported in the bank, this branch will continue to serve clients outside of Izmir, 7B (next to the Hyatt Regency Hotel). The division offers a full range of banking services including deposit mobilization, delivery business, consumer and mortgage loans, plastic card, transactions on money transfers, receiving payments for public utilities (gas, electricity, water) and mobile operators (Azercell, Bakcell, Nar Mobile), etc.
Currently, the Bank operates through 38 branches and 17 offices, including 28-metropolitan offices. - 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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