The progress of work on the Southern Gas Corridor project, the dismissal of security personnel at the Mingechevir thermoelectric power plant, and a look at problem loans are the leading themes of today's media.
The Azerbaijan newspaper assesses the five-year period from the date of investing the Shah Deniz-2 project. For more than 6 months, gas has been pumped through the TANAP pipeline on the Shah Deniz-2 project.
Shah Deniz is a large field, with a reserve of 1.2 trillion cubic meters of gas and over 240 million tons of condensate.
This project will change the energy map of the region and Europe. Gas reserves in Azerbaijan are equal to 3 trillion cubic meters of gas, President Ilham Aliyev said on December 17, 2013.
The website Azadliq.info writes about staff cuts at the Mingechevir thermoelectic power plant (TPP). The author recalls the accident that took place on the night of July 2/3 of this year, when the whole country was de-energized. Only 5 months after this man-made disaster began the process of reducing the number of staff involved in the TPP protection.
Thirty-six people have already been laid off, however, the process continues. From now on, instead of them the TPP will be guarded by the police. Previously, the TPP security was carried out by officers of the militarized Azerenergy guard.
As a result of the TPP accident, the damage to the country's economy amounted to over 469.2 million manat.
The newspaper Yeni Musavat continues to write about problem loans, talking about ways to resolve this issue. The expert Natig Jafarli notes that the amount of overdue loans continues to grow.
As of November, since the beginning of 2018, overdue loans increased by 4.4%, and compared with November 1 last year decreased by 10.1%.
According to the expert, official statistics indicate that problem loans make up 16% of the total loan portfolio. However, international rating agencies claim that this figure is 20-30%. According to the expert, to write off problem loans, they should be divided between the state, the bank and the citizen, 33% each.
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After introducing six innovative products to its subscribers in a short time, Bakcell was honoured with the "Most Successful Rebranding" award at the prestigious international advertising and marketing competition "Felis." The award ceremony took place at the traditional "Brand Week" event held on 8 November 2024 in Istanbul.
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The International Coalition for Democratic Renewal (ICDR) and Forum 2000 Foundation expressed grave concerns over the escalating repression of civil society in Azerbaijan, issuing a joint statement. The groups highlighted the government's intensified crackdown on lawyers, journalists, activists, and human rights defenders, painting a stark picture of a country where dissenting voices are systematically silenced.
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The Times Higher Education (THE), a leading international organization with an audience of 60 million and ranked among the world's top 100 networks in the field of education and skills assessment, has published a comprehensive article titled “Calls for the Release of Azerbaijani Scholar as Climate Summit Begins.” THE, known for its annual ranking of world universities, notes that while a major fossil fuel producer hosts a gathering of global leaders, it is cracking down on dissenters. Human rights groups are urging the Azerbaijani government, which is hosting the COP29 climate conference, to release a scholar detained after criticizing fossil fuel policies.
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On Thursday, overcast weather is expected in the capital will be overcast, with light rain possible in the morning. There will be a moderate southeast wind. The temperature at night will be between +8 and +10°C, and during the day, it will range from +12 to +15°C. Humidity will be 65-75% both at night and during the day. Precipitation will occur in the eastern part of the country. There may be fog in some areas, with a moderate east wind.
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