
Depositors of Ten Closed Banks Compensated AZN 713,861,000
The depositors of 10 closed banks have been compensated 713 million 861 thousand manat by the Deposit Insurance Fund. The specification on banks is as follows: Para Bank – AZN 42 million 902 thousand (98% of the total amount of the due compensation), Zamin Bank – AZN 52 million 380 thousand (72%), Credo Bank – AZN 27 million 192 thousand (97%), Deka Bank – AZN 3 million 021 thousand (96%), Atra Bank – AZN 14 million 258 thousand (97%), Gafqaz Inkishaf Bank – AZN 1 million 943 thousand (92%), Bank of Azerbaijan – AZN 24 million 148 thousand (97%), Ganja Bank – AZN 975 thousand (94%), Tekhnika Bank – AZN 120 million 116 thousand (98%), and Bank Standard – AZN 426 million 926 thousand (97%). ----71D
Economics
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Azerbaijan’s corporate sector needs to develop an appropriate system for assessing employees, according to Jalal Gasimov, CEO of PASHA Holding. Speaking at the Human Development Forum in Baku, Gasimov emphasized the importance of moving beyond merely evaluating employees based on performance outcomes.
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The launch of the Azeri Central East (ACE) platform in Azerbaijan's Caspian Sea shelf marked an important milestone for BP in 2024, said BP CEO Murray O'Kinkloss on February 11, presenting the company's 2024 report.
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Cargo transportation along the Middle Corridor (Trans-Caspian International Transport Route, TMTM) reached a record 3.3 million tons in 2024, marking a 20% increase year-on-year, according to the Secretary General of the International Association "Trans-Caspian International Transport Route" Khaydar Abdikerimov.
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Azerbaijan’s national carrier AZAL and Israel’s El Al Airlines have announced a new partnership under a codeshare agreement, allowing passengers of both airlines to access joint flights, the carriers said in a statement on Sunday.
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