Only in April 2013, the Financial Monitoring Service under the Central Bank of Azerbaijan (CBA) has received information from 25.7 thousand subjects. Overall, since the beginning of the year, according to the CBA, there was received 85.215 million (+9.2% per year) items of information (http://www.fiu.az/images/documents/az/statistika/statistika_2013.pdf) at current including suspicious transactions.
Financial Monitoring Service under the CBA established February 23, 2009 as a central body to combat the financing of terrorism and money laundering "dirty money." Its functions include collecting specific financial information, analysis and administration of the relevant authorities. She is the owner of a common information base, regulatory control and controller, as well as the national coordinator of anti-dirty money in the international arena. - 17D-
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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