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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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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