The economic development of the country over the past 16 years, the reason for the high cost of seasonal fruits, discussions about SOCAR's investments in Russia and other topics are the focus of today's media.
The newspaper "Azerbaijan" in the article "260 billion of investments, 46.7 billion of foreign exchange reserves" tells about the economic development of the country over the past 16 years. Over the past period, all tasks have been completed, the author claims.
GDP increased by 3.2 times, budget revenues - 13.5 times, strategic foreign exchange reserves - 27 times, foreign trade turnover - 4.6 times, export volume - 6 times.
In 2003, the strategic currency reserves of Azerbaijan amounted to 1.8 billion dollars, now it is 46.7 billion dollars. Pensions and salaries increased by 10 times. 260 billion dollars were invested in the economy.
The site "Yeni Sabah.az" in the article "Why are fruits and vegetables in the country so expensive?" Trying to understand the reasons for the high cost of living. Expert Vahid Maharramov believes that the high cost of fruit is because economic growth is not adequate to the increase in population. In the market, demand exceeds supply. Bad weather also had a negative impact on the harvest. Due to high prices, the poor have not even tasted the fruits of the new season. Compared with last year, prices are high for potatoes and tomatoes.
Maharramov believes that the attention paid by the state to cotton growing, sericulture, tobacco growing and other spheres should also be paid to vegetable growing and gardening in order to expand the range of production and export of products.
The site "Moderator.az" in the article "How justified is it to invest billions of dollars in a bankrupt enterprise" calls into question the acquisition of the Antipinsk Oil Refinery of Russia by the state oil company SOCAR. Former Finance Minister Fikret Yusifov considers SOCAR's foreign investment strategy erroneous. He believes that Azerbaijan itself needs to be updated and increased refining capacity. Yusifov noted that the carbamide plant, recently built in Sumgayit, provided 10% of the non-oil sector suggests creating such enterprises within the country rather than investing abroad. Yusifov also points out that SOCAR"s external debt amounts to $ 16 billion, which is 2 times more than the country's external debt. In such a situation, is it justified to invest billions of dollars in a bankrupt enterprise? -0-
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The closure of Azerbaijan's land borders was discussed during the parliamentary session on November 25. While the government’s decision cites the coronavirus pandemic as the main reason—despite the World Health Organization declaring its end last year—Zahid Oruj, Chair of the Human Rights Committee in the Milli Majlis, pointed to other factors. He stated, "Opening the borders could result in an influx of hundreds of thousands of non-Azerbaijani refugees due to the Russia-Ukraine war. Additionally, in Iran, many are prepared to cross into Azerbaijan to safeguard their lives and assets amid military strikes. Such waves of refugees could lead to humanitarian, social, and cultural clashes that may threaten political stability."
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On Tuesday, the General Prosecutor's Office announced the initiation of new criminal cases against agricultural product exporters who allegedly concealed their earnings abroad. Specifically, the Sumgayit City Prosecutor's Office has opened a criminal case under Articles 208.2.1 and 208.2.2 (failure to return foreign currency to the country in large amounts by prior agreement of a group of individuals) and Article 308.2 (abuse of office causing serious consequences) against officials of the company "SOİL BOONS" LLC – Jahangir Aliyev, Elyar Gadzhiev, Mehman Mirzamedev, Saleh Gabilov, and Aly Aliyev.
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Rains will continue in Baku and Absheron on 27 November, forecasters said. In places, precipitation will be intense with thunderstorms. Moderate north-west wind.
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On Tuesday, rainy weather with thunderstorms and moderate northwest wind is expected in the Baku, according to meteorologists. The rainy weather will continue untill Wednesday evening. The air temperature at night will be +7 to +10°C, and during the day, +11 to +13°C. The humidity will be 80-90% at night and 70-80% during the day. Rain with thunderstorms will also affect other parts of the country. Snow is expected in mountainous areas. There will be fog in places, with westerly winds.
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