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.
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November 8 is celebrated as Victory Day in Azerbaijan. In 2020, Azerbaijan restored its territorial integrity through a 44-day war and a one-day military operation in 2023. Although a ceasefire declaration was signed between the leaders of Azerbaijan, Armenia, and Russia, a peace treaty between Baku and Yerevan has yet to be signed, even four years later.
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On Saturday, rain with heavy showers in some areas is expected in Baku and the Absheron Peninsula. There will be fog in the morning and evening, and the wind will be from the northwest. The air temperature: at night +6°C to +10°C; in the daytime +12°C to +15°C.
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A 32-year-old man, who had threatened to jump off a bridge, blocked traffic on the airport road.
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On 8 November in the capital it will be cloudy, rain is possible at night. In Apsheron, precipitation will be intense with thunderstorms. Wind is south-western, in the morning a slight fog.
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