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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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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