BAKU/22.10.13/TURAN : The total number of active cards of Capital Bank in the first nine months of this year decreased by 195 thousand units , or 8.7% to 2,049,387 units.
According to the Bank for the same period the total number of POS terminals decreased by 191 units, or 40 per cent to a 482-piece set. In January - September 2013, the bank has mounted an additional 21 ATMs, bringing the total number of the equipment up to 477 pieces.
Since 2001, the Bank is a full member of the international payment systems MasterCard International, and since 2003, and Visa International. Today the Bank has been issuing cards Visa Electron, Visa Classic, Visa Gold, Visa Affinity Gold, Visa Platinum, Visa Affinity Platinum, Visa Business, Visa Business Gold, Visa Infinite and Visa Virtual, and MasterCard Standard, MC Gold, MC Platinum, MC Maestro. - 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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