![The International Bank of Azerbaijan signes a cooperation agreement with the football club "Juventus"](https://turan.az/resized/./turan-750-500-resize.webp)
The International Bank of Azerbaijan signes a cooperation agreement with the football club "Juventus"
The agreement will see the IBA and the reigning Italian champions collaborate in a series of activities within Azerbaijan beginning with the opening of a new Juventus Academy based at the Inter Arena in Baku. The Academy’s main purpose will be to facilitate the growth of youth football in the country and aid in improving the infrastructure already in place at the club.
Collaborating with Juventus Football Club – a name recognized the world over – also presents an excellent opportunity to promote the IBA’s products and services internationally by using the Juventus brand in its own publications while also featuring on the Turin club’s website. The IBA is committed to continuing its efforts to develop sporting initiatives in Azerbaijan.
For more information on the IBA’s products and services, please visit its official website www.ibar.az, any one of its 35 branches and 43 sub branches, or call the Information Center at (012) 937 and *2265.—0--
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- Politics
- 8 August 2016 14:32
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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