Depositors of 10 closed banks have received compensation of 698 million 890 thousand manat, the Deposit Insurance Fund said.
The depositors of OJSC Para Bank were issued AZN 42 million 810 thousand, OJSC Zamin Bank – AZN 52 million 256 thousand, OJSC Credo Bank – AZN 27 million 005 thousand, OJSC Deka Bank – AZN 3 million 021 thousand, OJSC Atra Bank - AZN 14 million 193 thousand, OJSC Qafqaz Inkisaf Bank – AZN 1 million 880 thousand, OJSC Bank of Azerbaijan – AZN 24 million 147 thousand, OJSC Ganja Bank – AZN 975 thousand, OJSC Tekhnika Bank – AZN 120 million 080 thousand, and OJSC Bank Standard - AZN 412 million 517 thousand as compensation. -----71D
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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