On the basis of the decision of the Baku Administrative-Economic Court will be set up a committee of the creditors of the bank «Standart». According to Turan, creation of the committee was assigned to the Deposit Insurance Fund. The Foundation shall take the necessary measures to determine the composition of the committee, for the approval of the Regulations on the committee of creditors.
The decision on the bankruptcy of the Bank «Standart» was adopted on October 4, 2016. As of January 19, 2017 depositors compensated 434.920.000 manat, or 98.4% of the total insured bank deposits. -71D-
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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