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—
Politics
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Rescuers who played a pivotal role in the aftermath of the Aktau plane crash were formally recognized in a ceremony held in Aktau, the Ministry for Emergency Situations reported on Sunday.
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A preliminary report on the causes of the crash of AZAL aircraft in accordance with ICAO rules will be made public 30 days after the accident. This was announced by the Ministry of Transport of Kazakhstan on 5 January, reports Tengrinews.
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A recently circulated video of a 1993 speech by former Armenian President Levon Ter-Petrosyan has drawn sharp criticism from the Azerbaijani community, accusing the Armenian state of enabling a policy of ethnic cleansing. The speech, delivered at a meeting of the "Yerkrapah" Volunteer Union, highlights deeply rooted hostility and policies targeting Azerbaijanis, according to the statement from the Western Azerbaijan Community (referring to the current territory of Armenia).
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The mother of the arrested head of the human rights organization "Protection Line" Rufat Safarov, Tahira Tahirgizi, has been banned from leaving Azerbaijan.
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