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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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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