Commercial Bank OJSC TuranBank became a member of AmCham (American Chamber of Commerce in Azerbaijan).
As reported in the bank, thanks to the active participation of the Association Committee in the various branches of the bank will discuss general business issues with other members and offer solutions to these issues. In cooperation, the bank will build relationships with business entities based in Azerbaijan and the United States, and will have access to a wide network of business information.
AmCham is a private, non-profit association of business support and promotion of business interests in Azerbaijan. It was established in 1996 and has 244 members representing all sectors of the economy of Azerbaijan. -15D -
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review