Depositors of 10 closed banks were compensated 726 million 643 thousand manat, the Deposit Insurance Fund said.
Depositors of OJSC Para Bank were issued 43 million 199 thousand (98.5% of the total compensation), OJSC Zamin Bank - 54 million 504 thousand (76%), OJSC Credo Bank - 27 million 771 thousand (99.9%), and OJSC Deka Bank - 3 million 087 thousand (98.7%) manat of compensation.
Depositors of OJSC Atra Bank received 14 million 280 thousand (98.1%), OJSC Qafqaz Inkisaf Bank - 1 million 974 thousand (94.4%), OJSC Bank of Azerbaijan - 24 million 161 thousand (97%), OJSC Ganja Bank - 976,440 manat (94%), and OJSC Tekhnika Bank - 120 million 433 thousand manat (98.2%) of compensation. Depositors of Bank Standard were paid 436 million 258 thousand (99%) manat. -----71D
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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