Relations between the state and entrepreneurs, the possible impact on the manat after the increase in the discount rate by the US Federal Reserve System, and the reasons for the fall in world oil prices are the topics of today's media.
The Azerbaijan newspaper writes about relations between the state and entrepreneurs against the backdrop of the 5th Congress of the National Confederation of Organizations of Entrepreneurs that ended in Baku recently.
The author quotes from the speech of Ilham Aliyev, who expressed confidence that entrepreneurs will play a significant role in the sustainable development of the national economy.
Further, the author lists statistical indicators of economic development, which have already been published in this newspaper more than once.
The article also speaks about the protection of the rights of entrepreneurs by local executive authorities.
The website Modern.az talks about the possible impact on the manat rate of raising the discount rate by the Federal Reserve System of America. The base interest of the dollar increased from 2-2.25% to 2.25-2.5%.
MP Vahid Ahmedov believes the impact will be small, since the interest rate has increased by only 0.25%.
Expert Natig Jafarli also believes this will not directly affect Azerbaijan, since there are no currency exchanges in the country.
In Azerbaijan, the exchange rate is determined more administratively, the expert said. Nevertheless, indirectly, this will affect Azerbaijan and may accelerate inflation.
The website Bakupost writes about the reasons for the fall in oil prices. The expert claims there are three reasons: the US statement on a record increase in oil production in January 2019, a trade scandal between the US and China, affecting the global economy, and a statement by Russian Energy Minister Alexander Novakin that Russia intends to produce record oil production in 2019.
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An operation at Istanbul Airport has revealed an incident that could strain diplomatic relations. Kahraman Shamil oglu Mammadov, alleged to be an Azerbaijani military attaché, was caught with 70 kilograms of gold. According to Turkish media, Despite Mammadov's claims that he is a diplomat, it is believed that the incident is related to gold smuggling.
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On a brisk November evening, the residents of Baku gathered along the waterfront of the Caspian Sea, stunned by what appeared to be the washed-up body of a colossal whale. At 16 meters long, the creature’s seemingly lifeless form and pungent odor left many convinced they were witnessing an ecological tragedy. By that night, however, the mysterious visitor had departed, loaded onto a cargo platform and whisked away to the airport.
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Starting from November 25, dedicated traffic lanes allocated for COP29 conference participants will lose their exclusive status and will be open to all vehicles, according to the Land Transport Agency (AYNA).
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