Azerbaijan's Capital Bank has issued compensation for 339 million AZN to 501,000 depositors on deposits of the former USSR Savings Bank, the chairman of the special committee of the Ministry of Finance Razim Valiyev said.
Over the past three months due to lost savings the commission received 2,479 complaints, of which 2,328 were approved, and the rest were returned to the respective branches of the bank for further investigation, said Veliyev.
The process of issuing one-time compensation started June 1 and will end on December 31, 2013. - 15D -
Economics
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Azerbaijan's Minister of Economy, Mikayil Jabbarov, held talks with Heather Evans, Deputy Assistant Secretary for Manufacturing at the U.S. International Trade Administration, focusing on bolstering bilateral ties in energy, trade, and green development.
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The process of securing financing for the construction of the Bilasuvar solar power plant with a capacity of 445 MW and the Neftchala solar power plant with a capacity of 315 MW has been successfully completed.
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The European Commission views Azerbaijan's increasing gas supplies to Europe as a highly beneficial alternative source for ensuring the EU's energy security, said European Union Energy Commissioner Kadri Simson in an exclusive interview with Turan during her visit to COP29 in Baku.
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The State Oil Company of Azerbaijan (SOCAR), which joined the global Oil and Gas Methane Partnership 2.0 (OGMP 2.0) earlier this year, hosted a forum on November 15 within the "Green Zone" of COP29. The event, titled "OGMP 2.0 Leadership Forum," brought together key stakeholders to discuss progress and prospects for methane emissions reduction in the oil and gas industry.
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