From June 3 JSC Bank Standard starts to repay small deposits (up to 1,000 manats) to the population. For other payments, according to the court decision, the moratorium will continue for 1 month, Turan was told in the press service of the Financial Markets Control House (FMCH).
By decision of the FMCH Board of Directors on May 2, from May 3 CJSC Bank Standard received a temporary administrator for a three-month period. The reason for this was the result of the FMCH test that showed lack of the bank’s resources to solve its financial problems.
The temporary administrator is also involved in gathering the loans issued by JSC Bank Standard. ---08D
Economics
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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