The restrictions applied in connection with the coronavirus and the impact of the collapse in oil prices on the social, economic, financial life of Azerbaijan are the topics of today's media.
The newspaper Azerbaijan assesses the ongoing struggle against the coronavirus pandemic at the state level and emphasizes the timeliness of the necessary measures, the application of a quarantine regime, a social package for unemployed citizens, the poor, and financial support for entrepreneurs.
Bizimyol.info writes that Russia has decided not to comply with the agreement of the OPEC + countries to reduce oil production to 9.7 million barrels. On April 17, Russia increased oil production by 0.8% and now it produces 1.557 million tons of oil per day. This was a continuation of the oil war between Russia and Saudi Arabia, the author believes. The sentiment reigning now in the oil market does not give reason for optimism.
The website Redaktor.az discusses with experts the issue of the impact of a drop in oil prices on the dollar and the manat, noting the negative consequences for the manat. Only exporting countries will suffer from falling oil prices, while importing countries will benefit, which stimulates their economy. As for the manat, it is not known how long the government will be able to maintain the current national currency rate.
Yeniavaz.com discusses the situation in the real estate market, which was strongly affected by the quarantine regime. A decrease in funds received in the camp reduces interest in real estate and lowers prices. In the current situation, prices in the real estate market may fall by 20-25%.
If oil prices remain low and the state supports the construction sector, then real estate prices may fall another 10%, experts say. Today, prices on the rental housing market also fell by 10-15%. –0-----
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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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On Sunday, November 24, variable cloudiness is expected in Baku and the Absheron Peninsula, with occasional overcast skies. There will be fog and drizzle in some areas during the night and morning, and a brief possibility of rain during the day. A moderate southeast wind will blow, changing direction to northwest in the evening.
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