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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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