The fight against the Corona Virus pandemic, the perceived effects of liquidity, and entrepreneurs' expectations of bank benefits are the topic of today's media.
The newspaper Azerbaijan writes about the fight against the Corona Virus pandemic worldwide. It is amazing that the modern world with its innovations and technologies has proved powerless against this virus. WHO has officially announced that there is no cure for this virus. Preventive measures are important here, as countries with such measures have less prevalence. The author believes that Azerbaijan is one of such countries.
The Bizimyol.info website is discussing with an expert, Natig Jafarli, the FED decision to lower the dollar discount rate to 0-0.25%. In parallel, banks in all developed countries lowered interest by announcing hundreds of billions of stimulus measures. These measures were designed to mitigate the harm caused by coronavirus, but the expected results have not yet been obtained.
The expert believes that these measures will do more harm than good, since an abundance of money supply can create problems that cannot be solved. An abundance of liquidity also creates problems.
The website Oxu.az writes about the situation with entrepreneurship in connection with the Corona Virus, discussing this issue with expert Elshad Mammadov. Of course, what is happening creates certain problems in production - especially for those entrepreneurs who work with business loans, because the solvency of loans has greatly decreased.
Currently, in the world, banks have postponed the payment of loans for entrepreneurs for three months. There is no clarity on this issue in Azerbaijan yet. The expert believes that we must do the same.
The website Azpolitika.info also discusses the issue of bank loans to businessmen with MP Igbal Mammadov. The situation in connection with the Corona Virus will greatly affect the economy of Azerbaijan.
The authorities should support entrepreneurs, as it is currently difficult to repay loans. After the restoration of economic activity, the situation with the payment of loans will improve.
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Recently, public attention has been drawn to a situation surrounding the new Victory Monument commemorating the Karabakh War, which was inaugurated on November 8, 2024, in Baku. Renowned Azerbaijani architect and researcher of historical architectural artifacts, Elchin Aliyev, faced unexpected resistance from plainclothes individuals when attempting to photograph the monument's details.
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Weather will be changeable in the capital on Friday. Precipitation is possible in places at night. Moderate southwestern wind, which will turn into northwestern one in the evening. Air temperature is +10+12 at night, +13+17 during the day. Humidity is 70-80%.
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A coalition of 159 professors and academics from 100 universities across 28 countries has urged Azerbaijan’s Minister of Ecology and Natural Resources, and COP29 President, Mukhtar Babayev, to advocate for the release of Dr. Gubad Ibadoghlu, an academic economist and environmental activist who has been under indefinite house arrest since July 2023.
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The United States Embassy in Azerbaijan is pleased to share that 1,130 Azerbaijanis studied in the United States during the 2023-2024 academic year – a 25.4 percent increase from the previous year. At a special event today hosted by the U.S. Embassy at the COP29 Information Point Bulvar to honor Azerbaijani youth involvement in climate action, U.S. Ambassador Mark Libby stated, "It is clear that Azerbaijanis who set their sights on studying in the United States are increasingly successful in realizing their dreams. The U.S. is the most attractive study destination for students from around the world. More than 1.1 million international students from 210 countries and regions studied there last year.”
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