Over the past year, the volume of transactions on money transfers to "Unibank" increased by 25.3% to 60 million manat. Through the network of the bank branches in January-August was made 112.5 thousand remittances, which is 32% more than the year before.
As reported in the bank, since the beginning of this year, the average amount of such operations almost doubled. As a result, the monthly turnover of the bank in this segment of the market grew for 8 months by 70%, while the daily index confidently approached 500 thousand AZN. The share of transactions of money transfer was registered in 9 regional branches of the bank, while reaching 43%. And in August, remittances at only two branches in Ganja were 15%.
It should be noted that the average amount of urgent money transfers this year is 545 manat. Each sender or receiver of funds in the amount of 500 $ / 500EUR (or 20 000 RUR) gets in "Unibank" a bonus of cards for mobile phones.
Currently, the bank operates through 13 money transfer systems, including Western Union, "Fast Mail", Contact, Faster, Migom, Leader, "Golden Crown", Blizko, Coinstar and PrivatMoney. - 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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