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 trial of Fazil Gasimov and Anar Aliyev, both arrested in connection with the high-profile “Gubad Ibadoglu case,” resumed on Thursday at the Baku Serious Crimes Court. Judge Mahira Karimova presided over the hearing, during which the defense raised concerns about procedural violations and the handling of counterfeit money evidence.
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An Iranian citizen Mollayi Meysan Allahbakhysh, a violator of the state border, was detained in the territory of 'Goytepe' border guard unit.
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