waplog

POS terminals decrease in Baku after Eurovision


In June, a decrease was observed in the number of POS terminals which hit the record number on the eve of the Eurovision held in Baku. As of July 1, the number of POS terminals in the country decreased by 884 items compared to the preceding month and made up 36,410, according to the Central Bank.

Contraband import of iPhone 4S mobile phones in Azerbaijan has been prevented


State Customs Committee of Azerbaijan has prevented illegal import of iPhone 4S mobile phones through its Khachmaz department.

E-form of reporting on state budget execution to be applied


The State Treasury Agency of the Azerbaijan Ministry of Finance will hold the admission and consider reports on execution of the state budget of the Republic of Azerbaijan in electronic order.

Super Hi-Vision 8K TV standard approved by UN agency


A new high-resolution television format has been approved by the UN's communication standards setting agency, the BBC reported. Broadcasts in 8K will offer a resolution of 7,680 by 4,320 pixels - roughly the equivalent of a 32 megapixel photo. That is 16 times as sharp as current HD TVs offering about 2MP resolutions.

US music file-sharer must pay damages


Joel Tenenbaum must pay $675,000 (£426,000) in damages awarded to the major US music labels after his request for a retrial was turned down, the BBC reported.Mr Tenenbaum, 25, was found guilty of illegally downloading and distributing 31 songs in 2007. A judge in Massachusetts ruled that the damages,

Nexus 7 checks off Spain, Germany and France on availability chart, sells for a premium


Google Play quietly updated its device availability page over the weekend, making the Nexus 7 available to Germany, France and Spain. Patient Europeans can now pick up Mountain View's seven-inch wonderkind's 8GB and 16GB models for €199 and €249, respectively.

Single tourism information centre to be created


The Working Group of the Organization of the Black Sea Economic Cooperation (BSEC) has held its next meeting in the capital of Serbia Belgrade. During the meeting, issues related to creation of a single tourism information centre for BSEC’s members states and establishing a

Turnover on plastic cards drops 9.4%


As of 1 July 2012 the Azerbaijani banks issued 4,826 plastic cards against 4807 on 1 June, 4580 on 1 January and 4393 as of early July 2011. According to the report of the Central Bank of Azerbaijan, 4,405 operations in the total amount of AZN 676,000,000 were carried out with cards in July of this year.

Baku hosted Azerbaijan–Germany business forum


The Azerbaijan-Germany business forum has opened here with the support of the Azerbaijan’s Ministry of Economic Development and Azerbaijan Export and Investments Promotion Foundation (AZPROMO). The business delegation from the German state of Rheinland-Pfalz visited Baku to attend the 14th joint

Painful birth for Europe's new one-stop patent


That Europe needs a common patent is patently obvious to Michael Setton, who runs a tiny technology firm in France making wireless sensors that track environmental and biomedical data, the Reuters reported. Yet he and thousands of other inventors are still waiting to hear when

Homeland Security's domain seizures worries Congress


In a letter to the U.S. attorney general, Congress members cite concerns about "seizing the domain names of websites whose actions and content are presumed to be lawful, protected speech." The U.S. Department of Homeland Security is seizing domains and taking

Improving competitiveness index stimulates growth of foreign investment in Azerbaijan


A significant improvement in the position of Azerbaijan in the competitiveness ranking of world economies, compiled annually by the World Economic Forum (WEF), will give an impetus to the growth of foreign investment in the country, head of department of economic policy

Payment system turnover decrease by over 2%


Over July 2012, Azerbaijani payment system turnover amounted to AZN 9,9bn.During the reporting period, the system carried out 2,826m payments, according to the report of the Central Bank of Azerbaijan (CBA). In June the country's payment system implemented 1,876 million transactions worth AZN 10,167bn.

Retailers to tout size in absence of substance in TV aisles


Television retailers are going to have one simple message for shoppers this coming holiday season: Supersize it. The lack of anything really new to tout means that mass merchants, online and specialty retailers will try to get people to trade in that once fancy 42-inch flat screen

AzTU provided with online access to education recourses of Russian university


The Engineering Programs Centre has been established at the Azerbaijan Technical University (AzTU). The centre will provide retraining courses on 56 different professional programs to engineers and technical workers of industrial enterprises, universities, colleges, technical schools and business structures.
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