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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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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