The Deposit Insurance Fund has paid compensation to the depositors of 10 failed banks, which amounted to AZN 723 million 976 thousand. The specification is as follows: Para Bank – AZN 43 million 135 thousand (98.3% of the total amount of compensation), Zamin Bank – AZN 53 million 383 thousand (73%), 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 Inkishaf Bank – AZN 1 million 974 thousand (94.4%), Bank of Azerbaijan – AZN 24 million 161 thousand (97%), Ganja Bank – AZN 976 thousand (94%), Tekhnika Bank – AZN 120 million 397 thousand (98.1%), and Bank Standard – AZN 434 million 823 thousand (99%). -----71D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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