On the eve of the professional holiday of workers of oil industry Unibank launched a new credit campaign. From 15 September to 30 November the bank is ready to lend all the oil workers on favorable and preferential terms.
According to the report of the bank, the interest rate on these loans is reduced by 2 percentage points. In addition, it made possible cash loans for up to 30 months without a guarantee on the basis of official licenses. The campaign loans to 1,500 manat issued without certificates of employment and in the provision of such information, this amount could grow to 5,000 manat.
It should be noted that the bank does not impose any additional conditions to borrowers in terms of monthly income or employment history. Cash loans can attract even those customers who currently have credit obligations to other banks. When you borrow on a 30-month period, in the first 6 months may be paying off only the interest on the loan. As part of the action all petroleum based identification cards will also be able to get a free taxi-card ALBALI, whose face value will be 500 manat. - 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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