The State Deposit Insurance Fund of Azerbaijan has paid AZN 206 million of compensation to the depositors of nine closed banks, the Fund said.
According to the report by the Fund, from 1 to 23 August the depositors of Deka Bank, Credo Bank, Para Bank and Zamin Bank were paid a total of 2.4 million AZN.
The payment of compensation to the depositors of Qafqaz Inkishaf Banki and Atra Bank started on 22 August. As of August 23 the depositors of Qafqaz Inkishaf Banki were paid 140 thousand AZN, and the investors of Atra Bank were paid 317.4 manats.
The depositors of Bank of Azerbaijan were paid 24,052 manats, the depositors of Ganja Bank were paid 895,500 AZN, and those of Tekhnika Bank were paid 119.5 million AZN. -----75D
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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