Deposit Insurance Fund compensated 643 million 133 thousand manat to the depositors of 10 closed banks by October 28, the Fund stated.
The depositors of OJSC Para Bank were issued AZN 41 million 745 thousand, JSC Zamin Bank - AZN 51 million 043 thousand, JSC Credo Bank – AZN 26 million 136 thousand, JSC Deka Bank – AZN 2 million 887 thousand, OJSC Atra Bank – AZN 14 million 170 thousand, JSC Qafqaz Inkishaf Bank – AZN 1 million 880 thousand, JSC Bank of Azerbaijan – AZN 24 million 117 thousand, JSC Ganja Bank – AZN 969 thousand, JSC Tekhnika Bank – AZN 120 million, and JSC Bank Standard – AZN 360 million 322 thousand. ---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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