The depositors of 10 closed banks have been compensated 498 million 126 thousand manat by the Deposit Insurance Fund: JSC Para Bank – AZN 32 million 820 thousand, JSC Zamin Bank – AZN 50 million 977 thousand, JSC Credo Bank – AZN 18 million 070 thousand, JSC Deka Bank – AZN 2 million 876 thousand, JSC Atra Bank - AZN 14 million, JSC Qafqaz Inkishaf Banki – AZN 1 million 876 thousand, JSC Bank of Azerbaijan - 24 million 091 thousand, JSC Ganja Bank – AZN 969 thousand, JSC Tekhnika Bank – AZN 119 million 977 thousand, and JSC Bank Standard – AZN 232 million 469 thousand. -----71D
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review