As of October 26, the Deposit Insurance Fund compensated depositors of ten closed banks 623,736,000 manat, the Fund said in a statement.
The depositors of OJSC Para Bank were issued 34 million 582 thousand, JSC Zamin Bank - 51 million 026 thousand, JSC Credo Bank - 26 million 136 thousand, JSC Deka Bank - 2 million 858 thousand, JSC Atra Bank - 14 million 140 thousand, JSC Qafqaz Inkishaf Bank - 1 million 876 thousand, JSC Bank of Azerbaijan - 24 million 117 thousand, JSC Ganja Bank - 969 thousand, JSC Tekhnika Bank - 119 million 978 thousand, and JSC Bank Standard - 348 million 048 thousand manat as compensation. ----71D
Economics
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
-
The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
Leave a review