JSC Ziraat Bank Azerbaijan (the latest addition to the local banking system and the branch of the Turkish Ziraat Bankasi) plans to automate most business transactions with customers through the portal of "electronic government", according to the press release of the portal.
Issues of cooperation were discussed at the meeting of representatives of the portal, and the bank. During the discussions, representatives of the bank said they plan to automate the majority of transactions with customers through the portal. According to their estimates, it will accelerate the process of customer service.
In addition, the meeting discussed the implementation of online banking and electronic certificates by the bank.
JSC Ziraat Bank Azerbaijan received a license from CBA on December 30 last year. Its registered capital is 50 million manats. --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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