According to the decision of the Baku Administrative Economic Court, bankruptcy proceedings of JSC Credo Bank started, said the Deposit Insurance Fund.
According to Turan, the Fund began to work as a liquidator of JSC Credo Bank.
‘In this regard, within 60 days all claims to the bank will be recorded in written form by the liquidator. Payable documents proving legal support of the claim should contact the liquidator,’ the report says. ---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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