Investors of the closed 10 banks have received in the form of compensation a total of 706 million 765 thousand manat, the Deposit Insurance Fund said.
The total indemnity included the following indexes, according to banks: Para Bank – AZN 42 million 852 thousand, Zamin Bank – AZN 52 million 267 thousand, Credo Bank - 27 million 005 thousand, Deka Bank - 3 million 021 thousand, Atra Bank – AZN 14 million 217 thousand, Qafqaz Inkisaf Bank – AZN 1 million 926 thousand, Bank of Azerbaijan – AZN 24 million 147 thousand, Ganja Bank – AZN 975 thousand, Tekhnika Bank – AZN 120 million 81 thousand, and Bank Standard – AZN 420 million 272 thousand. -----71D
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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