The newspaper Azerbaijan writes about the impact of industrial development on the regions. The author also emphasizes the role of the three completed state programs to ensure the socio-economic development of regions. Special attention is also paid to the development of the non-oil sector, where the growth of the non-oil industry was 9.1%.
The author mentions industrial parks in Sumgayit, Mingechevir, Ganja, Neftchala, Hajigabul, Sabirabad, and Masalli. In the future their number will increase.
The Yeni Musavat newspaper writes about the reasons for delaying the process of opening exchange offices, discussing this issue with expert Rashad Hasanov. The article reminds that the Parliament adopted the draft law "On Amendments to the Law on Currency Regulation". It provides for the simplification of issuing licenses for the activities of exchange offices. To open exchange points 50 thousand manat is required, which is the main factor inhibiting the process of opening exchangers. In addition, the profit rate in this sector has become very low, which also negatively affects the opening of exchangers.
The newspaper Novoye Vremya publishes an article about the rise in prices, which in many respects is artificial, because there are no economic reasons for this.
Prices are rising, unwinding the inflation spiral, and the anti-inflation policy of the Central Bank and the Cabinet of Ministers is defeated. Prices for consumer goods and tariffs of services in Baku in December 2018 increased by 0.6% compared with November. In the reporting month, foodstuffs, drinks and tobacco products went up by 1.2%, non-foodstuffs - by 0.2%, and services - by 0.1%. ---0------
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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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