The Deposit Insurance Fund has paid insured depositors of 10 closed banks a compensation totaling 725 million 240 thousand manat. The specification is as follows: Para Bank – AZN 43 million 169 thousand (98.4% of the total amount of compensation), Zamin Bank – AZN 54 million 338 thousand (75%), Credo Bank – AZN 27 million 770 thousand (99 5%), Deka Bank – AZN 3 million 086 thousand (98.7%), Atra Bank – AZN 14 million 275 thousand (98.1%), Qafqaz Inkisaf Bank – AZN 1 million 974 thousand (94.4%), Bank of Azerbaijan – AZN 24 million 161 thousand (97%), Ganja Bank – AZN 976 thousand (94%), Tekhnika Bank – AZN 120 million 433 thousand (98.2%), and Bank Standard – AZN 435 million 058 thousand (99%). -----71D
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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