The Deposit Guarantee Fund has compensated depositors of 10 closed banks 711 million 557 thousand manat. The compensation was as follows: Para Bank – AZN 42 million 868 thousand (98% of the total amount of compensation), Zamin Bank – AZN 52 million 334 thousand (72%), Credo Bank – AZN 27 million 192 thousand (97%), Deka Bank – AZN 3 million 021 thousand (96%), Atra Bank – AZN 14 million 218 thousand (97%), Qafqaz Inkisaf Bank – AZN 1 million 928 thousand (92%), Bank of Azerbaijan – AZN 24 million 147 thousand (97%) Ganja Bank – AZN 975 thousand (94%), OJSC Tekhnika Bank – AZN 120 million 81 thousand (98%), and Bank Standard – AZN 424 million 791 thousand (96%). ==-=====71D
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review