The depositors of nine closed banks have received compensation in the amount of 212 million manats, said the report of the State Deposit Insurance Fund of Azerbaijan..
The depositors of Para Bank were paid 20.3 million AZN, those of Zamin Bank were paid 34.1 million AZN, those of Credo Bank were paid 9.8 million AZN, and those of Deka Bank were paid 2.4 million AZN.
The depositors of Atra Bank received 1.2 million AZN, those of Qafqaz Inkishaf Banki received 629,000 AZN, those of Bank of Azerbaijan received 24 million AZN, those of Ganja Bank received 895,500 AZN, and those of Tekhnika Bank received 119.5 million AZN. -------73D
Economics
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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According to data from the Baku City Statistical Department, the retail trade turnover in Azerbaijan’s capital, Baku, increased by 5% year-on-year from January to November 2024, reaching 31.6 billion manats. This growth reflects the steady recovery of the economy and consumer confidence amid broader market stability.
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