The development by entrepreneurs of the non-oil sphere, the continuing dependence on oil, a look at the business of the deputy official are the topics of today's media.
The newspaper "Azerbaijan" writes that the development of entrepreneurship increases the production of non-oil products. 77% of production is in the private sector. Over the six months of this year, the economy grew by 2.4%, and the non-oil sector by 3.2%. During this period, growth in the non-oil industry amounted to 15.7%, in agriculture -13%, non-oil exports increased by 15%. Entrepreneurs, using advanced technology and equipment, are creating farms and agroparks in the regions, which are already 22 already. By the end of this year, 11 more will begin to operate. An additional 2.4 billion manat will be allocated for the implementation of these projects. To date, about 4 thousand projects have been implemented, as a result of which 3.4 billion manat was invested in the country's economy.
The newspaper "Yeni Musavat" discusses the topic of the dependence of the economy on oil. For more than 20 years, energy carriers account for 90% of Azerbaijan"s exports. Moreover, this figure has not changed for so many years. However, figures regarding imports are changing, for 6 months of this year, imports increased by $ 7 billion.
The site "Yeni Sabah.az" discusses the topic of business of officials on the background of the scandal in the "Relax" recreation center in Lerik. Doing business with officials only harms the economy. This is one of the factors behind the growth of the shadow economy.The case in Lerik showed that the rights and obligations of existing companies are not equally guaranteed before the law. Serious checks should be carried out at such large state-owned taxpayers as Azerishig, AZAL, Azerigaz, etc. One of the consequences of bureaucratic entrepreneurship is tax evasion.
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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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Industry leaders from Google, Ambition Loop, and Azerbaijan Railways joined Azercell to explore corporate responsibility, innovative solutions, and collaborative approaches to advancing sustainability
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The COP29 conference concluded in Baku, leaving behind a trail of controversy and criticism. Renowned historian Jamil Hasanli characterized the event as a vivid reflection of governance problems in Azerbaijan under President Ilham Aliyev. Hasanli, a staunch critic of the administration, described COP29 as an expensive spectacle that exposed systemic failures and intensified international scrutiny of Azerbaijan's political and economic structures.
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President of the European Parliament Roberta Metsola has invited Azerbaijani economist and political prisoner Professor Gubad Ibadoglu to Strasbourg to attend the 2024 Sakharov Prize award ceremony. The invitation, delivered by Member of the European Parliament Michael Bloss at the COP29 climate conference, comes as Ibadoglu remains under house arrest and prohibited from leaving Azerbaijan.
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