The depositors of 10 closed banks have been compensated 717 million 823 thousand manat from Deposit Insurance Fund. The specification is as follows: Para Bank – AZN 42 million 907 thousand (98% of the total amount of compensation), Zamin Bank – AZN 52 million 382 thousand (72%), Credo Bank – AZN 27 million 764 thousand (98%), Deka Bank – AZN 3 million 021 thousand (96%) manat, Atra Bank – AZN 14 million 261 thousand (97%), Gafgaz Inkishaf Bank – AZN 1 million 943 thousand (92%), Bank of Azerbaijan – AZN 24 million 148 thousand (97%), Ganja Bank – AZN 975 thousand (94%), Tekhnika Bank – AZN 120 million 050 thousand (98%), and Bank Standard – AZN 430 million 372 thousand (97%). -----71D
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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