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 President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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