The Deposit Insurance Fund compensated the depositors of Bank Standard 261 million 259 thousand manat, according to the Fund.
The overall compensation to depositors of the 10 closed banks was 527 million 259 thousand manat.
The Fund started granting compensation to depositors of Bank Standard from 11 October. The population's deposits in the bank are 603 million manat, of which 460 million AZN is to be compensated.
Deposits in US dollars amount to 175 million and in AZN - 172 million.
Deposits are returned in the currency, in which they have been made. If one customer has deposits in different currencies, the payment shall be issued in manat, at the rate of 4 October, on the day of the cancellation of Bank Standard’s license. ----71D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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