The development of the non-oil sector in Azerbaijan, possible hindrances to structural changes, and closed banks are the leading topics of today's media.
The Azerbaijan newspaper writes about the development of the non-oil sector. The author cites the words of President Ilham Aliyev, according to which the launch of the mechanism for investment promotion was a major reform.
This program covered 333 projects. Of these, 107 were implemented in 2018. The cost of projects implemented under the investment promotion program is 2.8 billion manat.
Currently, 67 residents are registered in industrial parks, of which 40 are already operating. Estimated investment in these parks is more than 5 billion manat, and 11 thousand jobs have been created.
The newspaper Yeni Musavat writes that structural changes must be accompanied by anti-corruption and anti-monopoly activities. The newspaper discusses this issue with the MP Ali Masimli. He notes that the cost of public services has reached 3.9 billion manat, which is 13% higher than defense expenditures, 70% higher than expenses for education, 48% higher than expenditures for social security, etc.
The MP believes that it is necessary to eliminate parallelism in the control system. The use of public funds is the most wasteful, said Masimli. In his opinion, for the successful implementation of structural reforms, a single strategy is needed in accordance with the new economic model of the country. Structural reforms will not have an effect if corrupt staff remains in the reformed structures, the MP said.
The website Modern.az writes about the beginning of an investigation against the heads of 13 closed banks, who can be held criminally liable. Currently, the volume of problem loans is approaching 2 billion manat. The Deposit Insurance Fund has already paid compensation to 824 million depositors.
Social
-
On Tuesday, rainy weather with thunderstorms and moderate northwest wind is expected in the Baku, according to meteorologists. The rainy weather will continue untill Wednesday evening. The air temperature at night will be +7 to +10°C, and during the day, +11 to +13°C. The humidity will be 80-90% at night and 70-80% during the day. Rain with thunderstorms will also affect other parts of the country. Snow is expected in mountainous areas. There will be fog in places, with westerly winds.
-
Industry leaders from Google, Ambition Loop, and Azerbaijan Railways joined Azercell to explore corporate responsibility, innovative solutions, and collaborative approaches to advancing sustainability
-
The COP29 conference concluded in Baku, leaving behind a trail of controversy and criticism. Renowned historian Jamil Hasanli characterized the event as a vivid reflection of governance problems in Azerbaijan under President Ilham Aliyev. Hasanli, a staunch critic of the administration, described COP29 as an expensive spectacle that exposed systemic failures and intensified international scrutiny of Azerbaijan's political and economic structures.
-
President of the European Parliament Roberta Metsola has invited Azerbaijani economist and political prisoner Professor Gubad Ibadoglu to Strasbourg to attend the 2024 Sakharov Prize award ceremony. The invitation, delivered by Member of the European Parliament Michael Bloss at the COP29 climate conference, comes as Ibadoglu remains under house arrest and prohibited from leaving Azerbaijan.
Leave a review