Deposit Insurance Fund paid to depositors of 10 closed banks compensation totaling 667 million 072 thousand manat, the Fund said in a statement.
More than half of this amount was issued to depositors of Bank Standard - 381 million 525 thousand manats...
The depositors of OJSC Para Bank were issued AZN 42 million 745 thousand, JSC Zamin Bank – AZN 52 million 208 thousand, JSC Credo Bank – AZN 26 million 688 thousand, JSC Deka Bank – AZN 2 million 906 thousand, JSC Atra Bank – AZN 14 million 176 thousand, JSC Qafqaz Inkisaf Bank – AZN 1 million 880 thousand, JSC Bank of Azerbaijan – AZN 24 million 117 thousand, JSC Ganja Bank – AZN 969 thousand, and JSC Tekhnika Bank – AZN 120 million. ----71D
Economics
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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Azerbaijan’s labor market has expanded, with the total number of employees in the country’s economy reaching 1.78 million as of early January 2025, according to preliminary data from the State Statistics Committee. The data reveals a nearly equal distribution of employment between the public and private sectors, with 882,800 people working in state-run institutions and 895,700 in the non-public sector.
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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