The depositors of 9 closed banks have been paid a total of 252,367,000 AZN in compensation, said the Deposit Insurance Fund.
According to Turan was, depositors of JSC Para Bank were paid 30 million 268 thousand, JSC Zamin Bank - 43 million 995 thousand, JSC Credo Bank - 16 million 852 thousand, and JSC Deka Bank - 2 million 763 thousand manats.
In addition, investors of JSC Atra Bank received 12 million 176 thousand, JSC Gafgaz Inkishaf Banki - 1 million 527 thousand, JSC Bank of Azerbaijan - 24 million 91 thousand, JSC Ganja Bank – 925,721, and JSC Tekhnika Bank - 119 million 770 thousand AZN in compensation. --71D
Economics
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Azerbaijan's agricultural sector reported a modest growth of 0.8% year-on-year from January to September 2024, reaching a total production value of 10.4185 billion manats, according to the State Statistics Committee (SSC).
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On October 29, Azerbaijan’s Cabinet of Ministers approved a decision to allocate 229 hectares of state-owned land in the Jabrayil district, part of the East Zangezur economic region, for the development of a solar power plant with an initial capacity of 50 megawatts, potentially reaching 100 megawatts. This project is part of Azerbaijan’s strategy to increase energy capacity as outlined in the 2021 Law on the Use of Renewable Energy Sources in Electricity Generation.
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On October 29, Azerbaijan’s President Ilham Aliyev has signed a decree introducing several amendments aimed at refining the centralized electronic information system and state social insurance administration, the President's office announced on Tuesday. The decree, which builds upon legislative frameworks set in 2019 and further modified in 2021, seeks to enhance coordination among governmental bodies involved in social protection and compulsory state insurance.
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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