Reducing the cost of oil remains a media priority, as well as government action.
The newspaper Azerbaijan reports on a meeting of the Cabinet of Ministers on March 10, which discussed the impact of the global crisis on Azerbaijan, as well as the situation with Corona Virus.
The author believes that the country's economy is fairly stable and monetary and economic policy measures will keep inflation at a certain level.
All social projects and obligations under the state budget adopted for 2020 are implemented in full and on time. Tough measures will be taken against unjustified shortages or price increases.
The Azadliqinfo website is discussing with the economist Gubad Ibadoglu the ways out of the oil crisis. He notes that the authorities want to get out of this crisis at the expense of petrodollars.
The anti-crisis "pillow" of security for the government can only be a reserve of the Central Bank of 6.4 billion dollars. The economist criticizes the government’s intention to solve its problems with funds belonging to the future generation.
Musavat.com discusses the possibility of increasing oil prices. On March 18, OPEC will hold a meeting at which it will prepare new recommendations regarding oil production for the post-March period. The article notes that the price of oil from March 9 to 10 increased by 7%. This week, the price is likely to rise above $ 40. Experts believe that if the price of oil is $ 45-50 per barrel, then there will be no need to revise the country's budget.
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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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