Azerbaijani-Russian trade and economic relations, the reasons for the growth of problem loans, and discussions around the legalization of gambling are the topics of today's media.
The newspaper Azerbaijan writes about the trade and economic relations between Russia and Azerbaijan, which are developing rapidly. About half of Russia's trade relations in the South Caucasus are in Azerbaijan.
Russia ranks first in the export of non-oil products. In particular, over the 8 months of this year, goods worth $ 427.1 million were exported from Azerbaijan to Russia, and goods worth $ 278.6 million were exported to Turkey. About 700 companies with Russian capital operate in Azerbaijan. Whereas Azerbaijan invested $ 1.2 billion in Russia, then Russia invested $ 4.6 billion in Azerbaijan. The commodity circulation between the countries in January-August of this year increased by 24%, and the volume of trade amounted to 2.5 billion dollars.
The Yeni Musavat newspaper writes about the growth of problem loans. As of September 1, the volume of problem loans in Azerbaijan amounted to 1 billion 491.3 million manats. Compared to August 1, this is 0.3% more.
Despite the restructuring, bad loans did not significantly decrease. Expert Natig Jafarli believes that to resolve this problem it is necessary to take measures related to business loans. The number of problematic business loans is not so much, but their volume is large, the expert notes. And when fines and interest are added to them, the volume of problem loans becomes even greater.
The website Sfera.az discusses the issue of legalizing gambling with expert Akif Nasirli, who believes that this can bring a lot of income and should be legalized.
In Georgia, for example, gambling is legalized, and the turnover of this business is $ 4.6 billion. The restoration of this business in Azerbaijan will expand the budget. -0----
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On Sunday, December 22, changeable cloudy weather is expected in Baku and the Absheron Peninsula. Drizzle is possible during the night and morning in some areas of the peninsula. Moderate southwest winds will prevail. The air temperature will be 5-8°C at night and 9-11°C during the day, according to the National Hydrometeorological Service of the Ministry of Ecology.
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Baku, often called the "Caucasian Dubai," is increasingly known for systematic violations of residents' housing rights. During urban renovations and the construction of elegant new buildings, thousands of families in Azerbaijan’s capital have been unlawfully deprived of their homes. Many, recognizing the futility of resistance, settle for inadequate monetary compensation for their irreplaceable property. A minority, placing faith in the Housing Code, demand fair compensation from construction companies but often lose everything—both their homes and any form of recompense.
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Azerbaijani team prepares to compete in three prestigious international Olympiads The preparation of young programmers representing Azerbaijan in international Olympiads continues successfully. In collaboration with Azercell, the Ministry of Science and Education, and the Institute of Education, the latest “Informatics Camp” was held at the Baku Higher Oil School.
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Last night, three earthquakes occurred along the Armenia-Azerbaijan border with magnitudes of 4.8, 3.0, and 3.8, according to the Republican Center for Seismological Service of the National Academy of Sciences of Azerbaijan. The Ministry of Emergency Situations reported no information about any destruction or casualties as a result of the earthquakes.
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