The Deposit Guarantee Fund has compensated depositors of 10 closed banks 721,057,000 manat, the Fund said in a statement. The specification is as follows:
Para Bank - AZN 42 million 914 thousand (98% of the total amount of the due compensation), Zamin Bank – AZN 52 million 421 thousand (72%), Credo Bank – AZN 27 million 770 thousand (98%), Deka Bank – AZN 3 million 022 thousand (96%), Atra Bank – AZN 14 million 269 thousand (97%), Qafqaz Inkishaf Bank – AZN 1 million 974 thousand (92%), Bank of Azerbaijan – AZN 24 million 148 thousand (97%), Ganja Bank – AZN 976,000 (94%), Tekhnika Bank – AZN 120 million 080 thousand (98%), and Bank Standard – AZN 433 million 483 thousand (98%). -----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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