The situation with social protection of the population, the growth of bad loans, a look at the state of higher education, an increase in the number of civil marriages and other topics are in the focus of today's media.
The Azerbaijan newspaper discusses the consistent social policy of the state, noting that social protection of the population is a priority for the policy of President Ilham Aliyev. Over the past 15 years, salaries increased by 7 times, pensions - 9 times, and the minimum wage - 6.5 times. The presidential decree of June 18 served to strengthen the social protection of the population of 1 million 300 thousand people. Since September 1, the minimum wage has been increased by 40 percent from 180 to 250 manat.
This step touched 600 thousand workers in the public sector and 350 thousand in the private sector.
The website Yeni Sabah.az in the article "A new banking crisis is expected in Azerbaijan" reports an increase in the volume of bad loans.
According to the expert Natig Jafarli, the amount of bad loans in Azerbaijan as of August 1 amounted to 1,487.4 million manat, which is 0.1 percent more than a month ago. That is, there is a trend towards an increase in bad loans. And the share in the loan portfolio of banks is 10.9%.
In world practice, the achievement of overdue loans of 3% is considered as a crisis and the state of banks through stress tests is overestimated.
Most loans are consumer loans and this is an indicator of the "disease" of the economy. According to the expert, economic activity in the country is associated only with state budget expenditures and consumer loans.
Budget funds from the sale of oil are allocated for repair and construction work. Investment expenditures from the budget are used for corruption and enrichment of officials, and at the same time serve as a source for the survival of the poor.
Further, banks associated with officials issue consumer loans at high interest rates for which they buy goods imported by the same officials.
The latter receive a double benefit - by issuing loans from their banks to ensure the sale of their own goods.
Citizens do not think about tomorrow, take loans and spend them. The government, thinking only about today, presents the current situation as economic growth.
The website Modern.az writes that today many people do not register marriages so that later there will be no property disputes in a divorce. The head of the NGO Clean World Mehriban Zeynalova explains the increase in the number of civil marriages by the desire of people to adopt a Western lifestyle.
But there are other reasons. There is also the factor of early marriages, when girls are married at a minor age, and therefore marriages are not officially registered.
Some prefer civil marriages so that there are no property claims during the divorce, and there is no obligation to pay child support.
Social
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"The biggest challenge in the education sector is the low number of fully staffed schools," said Minister of Science and Education Emin Amrullayev on November 20 during a joint session of the Parliamentary Committees on Agrarian Policy, Family, Women, and Children Issues, and Science and Education. The session was held to discuss the draft law on the "State Budget for 2025," according to local media reports.
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The innovation and speed leader Bakcell organized a panel discussion on the topic “Sustainability Through Artificial Intelligence.” The event featured speakers including Bakcell’s Marketing Director Elkhan Sadiqzade, PwC Azerbaijan’s Head of Advisory Services Farid Qattal, and the Head of Innovation at the Innovation and Digital Development Agency Evgeniya Bikmurzina. The panel was moderated by Aysel Suleymanova, Bakcell’s Director of Corporate Communications and Public Relations.
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On Saturday, the weather in Baku will be variable, with possible drizzle by the evening. There will be fog in some areas in the morning and evening. A moderate northwest wind will change to the southeast by evening. The temperature at night will range from +9 to +12°C, and during the day it will be between +13 and +18°C. Humidity will be 75–85%.
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A Lufthansa airliner flying from Mumbai to Munich made an emergency landing at Heydar Aliyev International Airport early Wednesday after a passenger suffered a sudden medical emergency, airport officials said.
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