The S & P downgraded the rating of Azerbaijan to the "junk" level
The international rating agency Standard & Poor's lowered the long-term credit rating of Azerbaijan in local and foreign currencies from BBB, the last stage of the investment level, to the "junk" level of BB + on the background of the collapse in oil prices, according to the message of the rating agency. According to the report of the S & P, this is the first decline for the time rating of Azerbaijan. The forecast of rating change is "stable". "Oil prices continued to fall in recent months, and we now expect that the Azerbaijani government will record a budget deficit until the end of 2018. In our view, external risks are amplified, while the Central Bank's international reserves declined by two-thirds from a peak in mid-2014, " commented Analysts S & P. On the eve of the Azerbaijani authorities appealed to the International Monetary Fund (IMF) and the World Bank with request to allocate $4 billion for conducting the economic reform.-0—
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- 29 January 2016 18:41
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- 29 January 2016 22:48
Politics
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The Ministry of Foreign Affairs of Moldova has decided to unilaterally terminate the Moldovan-Russian agreement from 1998 on the creation and operation of cultural centers.
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By the order of the head of state, Rufat Mahmud has been appointed the new head of the historical and architectural reserve "Icheri Sheher" – the historic center of Baku.
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On February 13, the Appeal Court did not satisfy the defense's appeal against the decision of the Khatai Court regarding the arrest of journalist Shahnaz Beylargizi. According to the lawyer, the journalist herself did not participate in the trial due to poor health. The defense intends to submit a petition to replace the arrest with house arrest.
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Azerbaijan will limit 'Sputnik Azerbaijan' and 'BBC News Azərbaycanca' editorial offices. This was reported by the country's pro-government media on 13 February, citing an informed source.
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