JSC "Bank Standard" violates the right of depositors to get full deposit, reported the head of the company "depressant" Akram Hasanov. According to Hasanov, depositors of the bank appeal to him, and state that the bank lets them getting their contributions in full. At the same time, they are given the opportunity to choose one of two options: a) returns 20% of the deposit amount, the remaining amount is returned after the expiration of the new long-term contract with the depositor; b) the contribution is returned within a few years on a monthly parts.
According to the Banking Law, the contribution shall be subject to a full refund on the expiration of not more than 5 days after the treatment in the currency in which it was embedded in the bank.
The JSC "Bank Standard" has not commented on the message yet. Recently, the Chamber of supervision over financial markets indicated that recovery of the JSC "Bank Standard" continues, and it acts in a natural way. 08D
Economics
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President Ilham Aliyev of Azerbaijan has issued a decree introducing changes to the "Regulation on the State Water Resources Agency of Azerbaijan," initially approved by a presidential decree on November 17, 2023. The amendments, guided by Article 109, paragraph 32 of the Constitution of Azerbaijan, involve the removal of specific phrases from various subparagraphs of the regulation.
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The World Bank’s Board of Executive Directors has approved an additional $150 million to expand Azerbaijan’s Employment Support Project (AESP), aimed at aiding vulnerable populations through enhanced self-employment opportunities, the Bank announced.
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In anticipation of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29), a roundtable titled “Green Construction in Azerbaijan” took place in Baku on July 30. The event brought together foreign construction companies, local industry leaders, and government officials to discuss sustainable zero-carbon building practices.
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A new solar power plant with a total capacity of 100 kW was inaugurated on Lake Boyukshor, near the Olympic Stadium in Baku, as part of the "Knowledge Exchange and Technical Assistance for the Development of Floating Solar Panels" project, jointly implemented by the Ministry of Energy of Azerbaijan and the Asian Development Bank (ADB).
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