The Local Treasury of the Zagatala district (411 km from Baku) with the eighth of October goes to an automated payment system from a centralized information system for mass payments of the Central Bank of Azerbaijan (APUS - Automated Payment Utility Service), said in a statement the Ministry of Taxes of Azerbaijan.
Work in this direction is to develop electronic payment systems, expanding the construction of automatic accounting, operational data, gain control and effective use of funds in the state budget.
Through integration with the central bank clearing system, payments will be made in real time.
Today, APUS is connected to the system 58 structures, including 46 financial institutions that can accept payments on these services in its branches a total of more than 1.7 thousand. The system is loaded with information on more than four million subscribers, and the number of registered users has reached 64 thousand.
The monthly pass through more than two million payments is an average of 42 million manat. According to statistics, since the launch of the system more than 53 million payment transactions have been carried out. -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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