Strengthening measures in Azerbaijan against global shocks, discussion of benefits on loan repayments, reduction in tourism, and the possibility of devaluation of the manat are the topics of today's media.
The newspaper Azerbaijan writes about the government’s strengthening measures against global shocks, whether it is a drop in oil prices, a recession in the global economy, or the Corona Virus pandemic.
All conditions are created for the fight against the Corona Virus. Measures are also being taken in connection with a sharp drop in the cost of oil on the world market. Inflation and the foreign exchange market are controlled, and the stability of the manat is maintained. The implementation of social programs was taken under special control.
The website Modern.az discusses the proposal of the deputy Vugar Bayramov on concessions in the payment of loans. This is necessary to reduce the impact of the Corona Virus on the economy.
In the next 3 months, commercial banks must make concessions on the issue of loan repayments. In connection with the Corona Virus online trading has become more active. It is also necessary to increase access to preferential loans for entrepreneurs in the regions.
The website Oxu.az writes about the situation in the field of tourism. The situation in connection with the Corona Virus has hit hotels, restaurants and the entire tourism business. Employees of hotels in Baku have come in droves under reduction. In a difficult situation are hotels in the regions. Hotel managers invited from abroad continue to work.
The Bizimyolinfo website is discussing with the economist Gubad Ibadoglu the inevitability of a devaluation of the manat, as the price of oil has fallen to $ 26. Everything that is happening now in the foreign exchange and deposit markets negatively affects the monetary policy and the situation of banks.
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An employee of the Azerbaijan National Mine Clearance Agency (ANAMA) was injured in the line of duty. The incident occurred on April 27 in the village of Gaybaly in the Shusha region.
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On Sunday, April 28, no precipitation is expected in Baku and the Absheron Peninsula, a moderate south wind blowing. The air temperature will be +14 +18° at night and +26 +31° during the day, the National Hydrometeorology Service under the Ministry of Ecology of Azerbaijan reports.
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On April 27, the weather in Baku and Absheron will be clear without precipitation; fog in some places in the morning and evening. The wind is south-easterly.
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The Business Continuity test of Azercell's CMG project was conducted in the Alat Free Economic Zone. A real-time Business Continuity test of the CMG – Crisis Management Group of Azercell, which is a leading mobile operator in the country, was conducted in the Alat Free Economic Zone. For implementation of the first tests Azercell was partnering with Azercosmos, Aztelekom, and Baktelecom. During the simulation, a crisis was created by completely cutting off communication in the designated area. Technical teams from the regions arrived at the scene during the crisis drill, initiating efforts to restore communication. Initially, groups installed two mobile Base Stations in the area, providing 2G service to a limited number of subscribers using facilities of the national satellite. In the next stage, high-speed internet, 3G, and 4G networks were restored, and the area was equipped with 100-megabit Wi-Fi service. It's worth noting that in comparison to previous tests, the recovery time was reduced by half in this simulation test. All mentioned recovery operations were carried out by teams from the regions and the groups of experts specially trained by Azercell.
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