Implementation of infrastructure projects, the situation in the banking system, and growth in the non-oil sector are the topics of today's media.
The newspaper Azerbaijan writes about the implementation of major infrastructure projects in the country, despite international hindrances. The author lists all transport projects in which Azerbaijan plays a key role - North-South and East-West. Thirteen countries have joined the latest project, and the delivery time of goods is reduced to 3 weeks.
As for the North-South project, the volume of cargo transportation on it has grown 10 times.
The website Azapolitika.info discusses the situation in the banking system, high interest on loans, and ways to reduce them. MP Vahid Ahmedov believes that issuing loans at high interest rates creates
serious problems. Measures to improve the banking system did not lead to lower rates, which today make up 25-30%, although they should not be higher than 15-16%.
The website Marja.az writes that in 2023, non-oil exports of Azerbaijan will exceed $ 3 billion. This amount is less than the funds sold at foreign exchange auctions of the Central Bank during the year.
For the 9 months of 2019, the State Oil Fund sold funds in the amount of 4 billion 512 million 850 thousand dollars.
For 8 months of this year, non-oil exports increased by 15%. Next year this figure will be 20%, and in 2023 it is expected that it will exceed $ 3 billion.
In January-July 2019, non-oil products worth $ 1 billion 133 million were exported from the country.
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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.
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Industry leaders from Google, Ambition Loop, and Azerbaijan Railways joined Azercell to explore corporate responsibility, innovative solutions, and collaborative approaches to advancing sustainability
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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.
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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.
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