Deposit Guarantee Fund has compensated depositors of 10 closed banks 708 million 399 thousand manat.
The depositors were issued the following sums: Para Bank – AZN 42 million 862 thousand, Zamin Bank – AZN 52 million 306 thousand, Credo Bank – AZN 27 million 192 thousand, Deka Bank – AZN 3 million 021 thousand, Atra Bank – AZN 14 million 218 thousand, Qafqaz Inkisaf Banki – AZN 1 million 926 thousand, Bank of Azerbaijan – AZN 24 million 147 thousand, Ganja Bank – AZN 975 thousand, Tekhnika Bank – AZN 120 million 81 thousand, and Bank Standard – AZN 421 million 669 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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