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The situation on the real estate market, the strangeness of compensation in connection with the pandemic, the situation on the world oil market are the topics of today's media.
The real estate market is unfreezing
The site “Sfera.az” writes about the activation of the real estate market. The author recalls the serious passivity this year due to the pandemic, the collapse in oil prices and the likelihood of devaluation. All this affected the issuance of loans by banks. In April, the situation changed a bit. In Baku in April, the secondary housing market grew by 2.5%, and the primary market - by 2.76%. The land market grew by 9.12%. In 2019, activity in the real estate market was twice as high.
What does the businessman complain about?
The site “Azpolitika.info” writes about oddities with compensations of 190 manat. According to the action plan of the Cabinet, for April-May compensation should have been received by 300 thousand employees in the amount of 215 million manats. At the same time, private entrepreneurs should have received 80 million manats.
However, entrepreneurs claim that compensation is paid for only 1 month. May is already ending, but there is still no news of the payment for the second month.
The Ending Oil War
The Bizimyol.info website discusses the never-ending “oil war” between Russia and Saudi Arabia. The conflict upset the balance in the global market. Today, a barrel of brand “Brent” is not sold for more than 35-36 dollars. Russia accuses Saudi Arabia of postponing a two-month decline in oil production.
Social
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The International Coalition for Democratic Renewal (ICDR) and Forum 2000 Foundation expressed grave concerns over the escalating repression of civil society in Azerbaijan, issuing a joint statement. The groups highlighted the government's intensified crackdown on lawyers, journalists, activists, and human rights defenders, painting a stark picture of a country where dissenting voices are systematically silenced.
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The Times Higher Education (THE), a leading international organization with an audience of 60 million and ranked among the world's top 100 networks in the field of education and skills assessment, has published a comprehensive article titled “Calls for the Release of Azerbaijani Scholar as Climate Summit Begins.” THE, known for its annual ranking of world universities, notes that while a major fossil fuel producer hosts a gathering of global leaders, it is cracking down on dissenters. Human rights groups are urging the Azerbaijani government, which is hosting the COP29 climate conference, to release a scholar detained after criticizing fossil fuel policies.
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On Thursday, overcast weather is expected in the capital will be overcast, with light rain possible in the morning. There will be a moderate southeast wind. The temperature at night will be between +8 and +10°C, and during the day, it will range from +12 to +15°C. Humidity will be 65-75% both at night and during the day. Precipitation will occur in the eastern part of the country. There may be fog in some areas, with a moderate east wind.
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On November 12, the summit of world leaders commenced at the 29th session of the Conference of the Parties (COP29) of the United Nations Framework Convention on Climate Change (UNFCCC) in Baku. According to "Euronews," citing sources from the UN, the event is attended by around 100 heads of state.
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