Depositors of Ten Closed Banks Compensated AZN 498,126,000
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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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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