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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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