Azerbaijan: Banking advice and new Russian-represented companies

In Azerbaijan, experts are advising citizens on considerations for bank deposits. Economist Fuad Ibrahimov emphasizes that individuals should prioritize whether their deposits are insured, noting that insurance coverage depends on the amount of capital and the bank's interest rate. He notes that while all banks follow similar rules, interest rates vary, with manat-denominated deposits typically offering higher returns than foreign currencies.

Additionally, several new companies represented by Russian citizens have been registered in Azerbaijan. These entities have charter capitals ranging from 100 to 51,000 manat. Notable companies include ‘Just Club’ LLC, which holds the highest capital in this group at 51,000 manat, followed by ‘AT Expert’ LLC, ‘Misir SS Dizayn’ LLC, ‘Xəyal İnteryer’ LLC, ‘Barak LTT Media’ LLC, and ‘Danilo Pixel’ LLC, all with 50,000 manat in capital.