The Parliament of Azerbaijan is interested in increasing the maximum coverage trims deposits.
Now considered is the question of the maximum size of private bank deposits subject to full coverage, up to 50 thousand manats, reporters and members of the Caspian European Business Club (CEIBC) were told by the chairman of the Parliament committee on economic policy Ziyad Samadzadeh. Currently insured in Azerbaijan are deposits amounting to 30 thousand manat at a rate not exceeding 10% per annum.
According to the MP, up to 2009 the limit for deposit insurance was 6,000 AZN, then in order to attract deposits it was increased by 5 times. - 17D-
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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