Depositors of Nine Closed Banks Paid over AZN 239 Million as Compensation
The Azerbaijan Deposit Insurance Fund (ADIF) paid to depositors of nine closed banks compensation of 239 million 42 thousand manats, ADIF said.
Depositors of OJSC Para Bank were paid 21 million 933 thousand manats, depositors of OJSC Zamin Bank - 40 million 581 thousand manats, depositors of OJSC Credo Bank - 16 million 434 thousand manats, depositors of OJSC Deka Bank - 2 million 758 thousand manats, depositors of JSC Atra Bank - 11 million 97 thousand manats, depositors of OJSC Gafgaz Inkishaf Banki - 1 million 514 thousand manats, depositors of OJSC Bank of Azerbaijan - 24 million 91 thousand manats, depositors of OJSC Ganja Bank – 925,554 manats, and depositors of Tekhnika Bank got 119 million 709 thousand manats as compensation. -----71D
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- Economics
- 8 September 2016 11:13
Economics
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The minimum wage in Azerbaijan, currently set at 345 manats, will be increased at the beginning of 2025 to meet the country’s international obligations. This was announced by economist and Member of Parliament Ali Mansimli during an interview with TV channel "24". According to him, the current minimum wage level does not meet the requirements of several international documents, which state that the minimum wage should be at least 60% of the average salary, which is 1000 manats. This means that the minimum wage in Azerbaijan should be 600 manats; however, it currently stands at only 34% of the average salary.
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The Cabinet of Ministers of Azerbaijan approved a series of amendments on September 25, to the laws regulating the circulation of medicinal products, as part of the implementation of the "Law on Amendments to the Law on Medicinal Products of the Republic of Azerbaijan" adopted on July 14, 2023. These amendments aim to align national legislation with international standards and strengthen the regulation of pharmaceutical product circulation in the country.
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The Ministry of Digital Development and Transport of Azerbaijan has approved a new regulation titled "Flight Operations Preparation Rule," aimed at enhancing the safety and efficiency of civil aviation activities. Decision number 3-27/3-7-16/2024 was adopted by the ministry’s collegium on September 12, 2024, in accordance with the law "On Aviation" dated December 22, 2023.
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The Ministry of Digital Development and Transport of the Republic of Azerbaijan approved a comprehensive set of airworthiness regulations aimed at ensuring the safety and reliability of the country’s civil aviation sector.
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