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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"Next year, Azerbaijan will host another major sporting event—the CIS Games. The third CIS Games will take place in Azerbaijan," President Ilham Aliyev announced on December 24 during a ceremony dedicated to summarizing the sports achievements of 2024.
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On December 28, rain is expected in Baku and the Absheron Peninsula. The northeast windwill change to the northwest. The air temperature will be +5+8°C at night and +8+10°C during the day. Humidity will be 80-90%. In other parts of the country, precipitation is expected in some areas, with snow in the mountains. A moderate westerly wind will blow.
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On December 25, an Embraer 190 passenger plane operated by Azerbaijan Airlines CJSC (AZAL), on a Baku–Grozny flight, crashed near the city of Aktau in Kazakhstan. Azerbaijan’s Consul General in Aktau, Ayxan Suleymanlı, stated that the plane had 67 people onboard, including crew members, 38 of whom died. According to him, 26 of the deceased were Azerbaijani citizens.
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On December 27th, rain is expected in Baku and the Absheron Peninsula, and heavy rainfall in some areas. The wind will be southeast. The air temperature at night will be +7 to +9°C, and during the day, it will be +9 to +11°C. Humidity will be 70-80%. Precipitation is expected across the country in the evening, particularly in the eastern regions. Snow is expected in the mountains.
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