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
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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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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