The role of the private sector in investing, the situation in the financial market, the relationship between power and emigrants are the leading topics of today's press.
The newspaper "Azerbaijan" writes about the role of the private sector in investing, and also assesses the development of the country's private economy. The author considers investing as the main artery of the economy. In his opinion, Azerbaijan is the leader in investment in comparison with a number of countries in Eastern Europe and CIS countries. Recently, local entrepreneurs have increased the amount of investment in the country's economy. In total, in the course of 14 years, 231 billion dollars were invested in the country's economy. Approximately half of them belong to foreign investors, and the other half to local investors.
"Echo" newspaper published an article titled "Is the Chamber of Supervision of Financial Markets in Azerbaijan to be dissolved?" Against the backdrop of growing problem loans, the effectiveness of the Chamber of Supervision over financial markets cannot be said. If the Chamber does not cope with its duties, is it not better to dissolve it?! According to the expert, the whole problem is that the Chamber does not have a targeted program for improving the banking sector. First, banks must get rid of problem loans. Secondly, it is necessary to create such conditions that banks themselves can conduct full-fledged economic activity and lend to the population. Currently, banks are engaged only in the sale of currency and money orders. The government, the Chamber, the Central Bank do not have a single step-by-step program to restore the banking sector. Everyone talks about the growth of problem loans, but no concrete steps are being taken in this direction.
The site "Azadlıqinfo.az" published an article titled "Igilovtsi" (supporters of LIH) by Ali Hasanov. " The author tries to investigate the causes and results of the relationship between power and political emigration. The talk is about dirty methods and repressive actions by the authorities against this group of people, allegedly insulting the current government. The article refers to Ali Hasanov's address to emigrants on his "facebook" page. In this appeal, he calls them "virtual igilovtsami", intimidating that "the case to which they have joined, will end badly."
Politics
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The top U.S. diplomat on Wednesday assured allies in Brussels that the Biden administration would bolster its support for Ukraine in the days and weeks ahead before Donald Trump's return to the White House as president in January.
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Prime Minister of Armenia Nikol Pashinyan made an unexpected statement during a government session, emphasizing the need for a strategic deal with Azerbaijan. According to him, the future peaceful coexistence of the two countries must be guaranteed for the next century, and addressing this issue is the most crucial and fundamental task for both sides.
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A new draft agreement on financing climate programs, unveiled at the 29th session of the UN Conference on Climate Change (COP29), proposes allocating at least $1.3 trillion (€1.23 trillion) annually for climate protection measures and adaptation to the impact of climate change, according to a 34-page document released on Wednesday. The draft, developed with input from developing nations, aims to address the needs of the world's poorest countries, though several contentious issues remain unresolved, AFP reported.
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On November 13, representatives of the International Committee of the Red Cross (ICRC) and the Afghan Taliban held talks in Baku as part of the COP29 conference. According to a report by Turan correspondent, the discussions took place behind closed doors and lasted for over an hour. No statements were made to the press following the meeting. Furthermore, conference security prevented journalists from asking questions to the meeting participants.
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