Over the last year, volume of remittances in Unibank has increased by more than 38%. In general, the volume of money transfers conducted through branches of the Bank increased by more than 33 million manat.
Remittances were mainly carried out by means of money transfer systems "Zolotaya korona", "Contact", and "Western Union".
It is noteworthy that Unibank offers its customers services via 11 money transfer systems. At present, along with the "Western Union", which has 189 countries of the world, there are 150,000 remittances points, bank cooperates with such systems of remittances as "Contact," Faster "," Xpress Money "," Mig"," LIDER "," Zolotaya korona "," BLIZKO "," Coinstar ", and
"PrivatMoney ".
Last year Unibank joined the money transfer system "Monex", giving customers even more convenience in the implementation of internal cash transfers.-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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