State support to entrepreneurs, the likelihood of closing 4 more banks, the level of trust in the country's banks, as well as questions regarding the allowance of 190 manats for the unemployed are topics of today's media.
The newspaper Azerbaijan writes about the next plan of the President to support entrepreneurs. Despite preventive measures, losses from the pandemic continue, amounting to 120-150 million manats daily.
During the quarantine period, 300 thousand entrepreneurs and 290 thousand micro entrepreneurs have received financial assistance and benefits. The total cost of the package of tax benefits has amounted to about 114 million manats, and the timing of tax payments has been extended until January 2021.
The site Müsavat.com discusses with experts the situation with 4 banks of the country - AtaBank, AGBank, NBCBank and AmrahBank.
A total of 812.5 million manat is located in these banks. The Central Bank has appointed temporary administrators to the banks.
As for the issue of money to investors, the process may begin in the fall. However, the problem is that revoking licenses will further undermine public confidence in banks, and a government decision to postpone lending could collapse the banking sector.
The Azadliqinfo website also discusses with experts the situation in the banking system and the reason for distrust of banks. The reason is that banks are not free and tied to political power, and therefore they become victims of political struggle.
For 28 years, a healthy, competitive banking market has not been formed in the country, and banking management does not meet modern standards.
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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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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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