The Deposit Insurance Fund as of October 11, 2016 issued compensation in the amount of AZN 272,577,000 to the depositors of ten closed banks.
The depositors of OJSC Para Bank were issued 32 million 802 thousand, JSC Zamin Bank - 50 million 853 thousand, JSC Credo Bank - 17 million 184 thousand, JSC Deka Bank - 2 million 836 thousand AZN as compensation.
The depositors of Atra Bank received 13 million 830 thousand, JSC Gafgaz Inkishaf Bank - 1 million 816 thousand, JSC Bank of Azerbaijan - 24 million 091 thousand, JSC Ganja Bank – 955,721, and JSC Tekhnika Bank - 119 million 974 thousand, JSC Bank Standard - 8 million 230 thousand manats of compensation. -----71D
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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