The Deposit Insurance Fund appealed to individuals and legal entities, which have debts to Bank Standard, which is in the process of liquidation.
It is reminded that by the October 4, 2016 decision of the Baku Administrative Economic Court Bank Standard was declared bankrupt and the Deposit Insurance Fund was appointed the liquidator.
DIF recalled that only actions of the liquidator shall be legally binding.
Natural and legal persons who have loans before Bank Standard are obliged to pay their loans because the bank's bankruptcy does not relieve them of their obligations. The Fund warned that in relation to persons who do not timely pay their loans measures will be taken, envisaged by the law. -71D-
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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