In Baku on 15-16 November 2012 the Financial and Banking Council, with the support of the International Bank of Azerbaijan and the CIS Executive Committee will hold a commemorative V Baku International Banking Conference of states - participants of CIS on "Financial markets of the CIS: New Opportunities and global risks. "
The Business Program Conference 2012 is to consider questions of national and international development institutions, the banking systems of the CIS countries in the new regional associations, as well as other important issues.
The plenary sessions will discuss issues such as: increasing the stability of the financial markets of the CIS in the ongoing global economic crisis, the new possibilities of interaction with the adoption of the Free Trade Area of ??the CIS, the introduction of alternative financial products and advanced technologies, the development of Islamic banking in the CIS, and the ability to attract public funds to the development efforts of the Commonwealth.
The upcoming Conference will be attended by representatives of governments and ministries of states - participants of CIS, international development institutions, as well as heads of national (central), and the largest banks of the Commonwealth, Europe and Asia. Information support will be the mainstream media of the Commonwealth. -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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