The Deposit Insurance Fund has paid AZN 261,402,000 in compensation to the depositors of nine closed banks, the Fund said.
The depositors of OJSC Para Bank were paid AZN 32,570,000, the depositors of OJSC Zamin Bank were paid AZN 49,004,000, Credo Bank – AZN 17,181,000, Deka Bank – AZN 2,772,000, Atra Bank - AZN 13,282,000, Gafgaz Inkishaf Banki – AZN 1,699,000, Bank of Azerbaijan - AZN 24,091,000, Ganja Bank - AZN 925,721, and Tekhnika Bank – AZN 119,878,000. ----71D
Economics
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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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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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