From 11 October will begin the process of issuing compensation to the depositors of Bank Standard, said the Deposit Insurance Fund. The Fund noted that investors in the course of the year can apply for compensation after the first announcement of the issuance of compensation.
Note that the executive director of the Fund Azad Javadov said at a press conference on October 4 Bank Standard’s household deposits amounted to 603 million AZN, of which 460 million AZN is compensated.
For the issuance of the compensation the Central Bank will provide 460 million AZN. Deposits in the national currency are 172 million AZN and deposits in foreign currency are 175 million dollars.
Javadov said the deposits in US dollars will be returned in US dollars, except when a client has a multicurrency deposit – AZN and USD. In this case, the payment will be issued in manats. -------71D
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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