Deposit Insurance Fund announced the results for 9 months of 2015, according to which the banks - members of the Foundation provide service for 7,304,127 depositors. At the same time, 91% of deposits are protected by the Fund. (up to 30,000 manats.) 71% of deposits - in dollars, 25% - in manat, and 4% - in euros.
The Head of the Economic Research Center Gubad Ibadoglu on his Facebook page says that the Reserve Fund should be adequate to the risks of the banking sector.
So, over the first 9 months of this year, the growth of deposits protected by insurance, exceeded 2 billion manats and insurance reserves of the fund increased by only 17 million manats.
Thus, according to the October 1, the amount of protected deposits reached 5 billion 44 million. At the same time, insurance reserves account for only 109, 4 million manat, that is 2.2% of total assets, which are protected by insurance. However, it is noteworthy that the government and the Central Bank shall not be liable for the obligations of the Fund, said Ibadoglu.-03D
Economics
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In Azerbaijan, there has been an observed increase in the price of flour. In May, a 50-kilogram sack of flour cost 25-26 manats, but now it has risen to 29 manats. This increase in the price of flour is also reflected in the data from the State Statistics Committee (SSC).
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Azerbaijan and Israel have engaged in discussions to advance cooperation in the field of green energy, Azerbaijan's Energy Minister Parviz Shahbazov announced on the social network "X." During the meeting with Israeli Minister of Regional Cooperation David Amsalem, both sides reviewed ongoing cooperation in the hydrocarbon sector, discussed renewable energy projects currently being implemented in Azerbaijan, and explored prospects for enhancing bilateral energy ties.
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The Milli Majlis of the Republic of Azerbaijan has introduced significant amendments to the nation’s food safety law, aiming to enhance regulation over the production and importation of alcoholic beverages, particularly vodka. The amendments, ratified by President Ilham Aliyev, are intended to ensure compliance with stringent safety and economic criteria, reflecting the government's commitment to maintaining public health standards and fiscal accountability.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved amendments to the list of specialized medical institutions authorized to perform donor organ transplants. The changes, guided by the eighth paragraph of Article 119 of the Constitution of Azerbaijan, were announced in resolutions No. 337 and No. 338, signed by Prime Minister Ali Asadov.
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