Deposit Insurance Fund appealed to the depositors of the closed "of Texnikabank" and "Gencebank". According to Turan, the Fund asked the owners of insured deposits of «Texnikabank» which have not apply for compensation, to make an appeal to the fund up till 12 February, 2017.
In a message to the owners of insured deposits in "Gencebank" the Fund noted that they should refer to till February 4, 2017. This Fund noted that in any case the right to receive compensation from investors remains for five years, after the announcement of the issuance of compensation.
On January 19 the investors "of Texnikabank" were issued 120.364. manats (98.1% of total deposits in the bank), and depositors “Gencebank” were issued 976.000 AZN compensation (94%). 71D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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