The depositors of 10 closed banks have been compensated for 722 million 163 thousand manat by the Deposit Insurance Fund. The specification is as follows: Para Bank – AZN 42 million 981 thousand (98.2% of the total amount of compensation), Zamin Bank – AZN 52 million 501 thousand (72.2%), Credo Bank – AZN 27 million 770 thousand (99.5%), Deka Bank – AZN 3 million 086 thousand (98.7%), Atra Bank – AZN 14 million 271 thousand (98.1%), Gafgaz Inkisaf Bank – AZN 1 million 974 thousand (94.4%), Bank of Azerbaijan – AZN 24 million 148 thousand (97%), Ganja Bank – AZN 976 thousand (94%), Tekhnika Bank – AZN 120 million 364 thousand (98.1%), and Bank Standard - AZN 434 million 092 thousand (98.4%). -----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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