The humanitarian NGO World Vision International with the purpose to assist the establishment of credit unions provides training for displaced people from the Lachin district located in the village Takhta Kerpu in Agjabadi.
As the organization said, in the first part of the training they will give theoretical knowledge on the establishment of new credit unions, accounting and business plans as well as the management of credit unions. At the second stage the participants will receive detailed information about the marketing of credit unions, the national collection of overdue loans, prudential regulations of the Central Bank and the preparation of reports.
The training will be held by experts from the Association of Credit Unions of Azerbaijan, and will end on September 7. - 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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