JSC Bank VTB (Azerbaijan) intends to implement a management module to automate the calculation of personnel and salaries. In this regard, it announced an open tender for the project of the same name.
The Bank reports that the bidding documents are available at the office of the bank at: 38 Khatai Avenue, Patron Plaza, AZ 1008. The applicant shall provide documentation in the opaque sealed envelope with attached list of documents. If it is a legal entity, there has to be a seal, and in the case of an individual with a status of private enterprise there has to be a signature. The documents have to be submitted to the office before 16.00 on December 21.
With applications for participation refer to Sultanov Rufat by phone: (99 412) 492-00-80 (ext 1252), by fax: (99 412) 437-71-21 or by cell: (94 450) 286 00 87. --17D-
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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