Moderator.az discusses the issue of reducing credit interest, since too high interest causes serious dissatisfaction. Most of all this issue in Milli Majlis is raised by MP Ali Masimli. According to him, the interest is simply predatory, and it will reduce the activity of banks, which makes loans unavailable, or seriously hinders their repayment.
It also hits the real economy and the banks themselves.
The website musavat.com writes that clients of closed banks cannot receive information on compensation. Experts believe that the Deposit Insurance Fund is not interested in providing information, and the Financial Market Supervision Authority (FIMSA) promises that all information will be made public on the Internet before April 15.
Damirbank"s clients complain the most. Experts believe the information should be prepared and placed by the bank"s liquidator, that is, the Deposit Insurance Fund. However, this structure does not carry out any work, because it is not interested in the rapid completion of the process.
All over the world, liquidators are chosen by creditors, but this is not the case in Azerbaijan.
In the presidential decree there are specified dates and the Fund is obliged to hand over the data to the FIMSA by a certain time.
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On Tuesday, rainy weather with thunderstorms and moderate northwest wind is expected in the Baku, according to meteorologists. The rainy weather will continue untill Wednesday evening. The air temperature at night will be +7 to +10°C, and during the day, +11 to +13°C. The humidity will be 80-90% at night and 70-80% during the day. Rain with thunderstorms will also affect other parts of the country. Snow is expected in mountainous areas. There will be fog in places, with westerly winds.
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Industry leaders from Google, Ambition Loop, and Azerbaijan Railways joined Azercell to explore corporate responsibility, innovative solutions, and collaborative approaches to advancing sustainability
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The COP29 conference concluded in Baku, leaving behind a trail of controversy and criticism. Renowned historian Jamil Hasanli characterized the event as a vivid reflection of governance problems in Azerbaijan under President Ilham Aliyev. Hasanli, a staunch critic of the administration, described COP29 as an expensive spectacle that exposed systemic failures and intensified international scrutiny of Azerbaijan's political and economic structures.
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President of the European Parliament Roberta Metsola has invited Azerbaijani economist and political prisoner Professor Gubad Ibadoglu to Strasbourg to attend the 2024 Sakharov Prize award ceremony. The invitation, delivered by Member of the European Parliament Michael Bloss at the COP29 climate conference, comes as Ibadoglu remains under house arrest and prohibited from leaving Azerbaijan.
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