The decision of the authorities to support the needy Azerbaijanis abroad, the problems of the banking system and the state of the financial market as a whole are the main topics of today's press.
The Azerbaijan newspaper writes that on 14 January 1920, the international community recognized the independence of Azerbaijan People's Republic. This topic is commented by a lengthy article of the newspaper, which says that if Heydar Aliyev had not returned to power, the independence of Azerbaijan would have been lost again, like 97 years ago.
The site of the newspaper Azadlig, Azadliq.info, reflects the government's decision to provide social assistance to the poor Azerbaijanis abroad.
The author puts into question the logic of this decision. If the government is unable to provide social support in the country, how can it cope with these issues abroad?
Measures and steps of the authorities in this area do not justify themselves for many years, but now the government intends to extend this experience abroad. ‘Does this mean that 50% of this aid will be extorted by social workers from the poor there as it is done in Azerbaijan?’ the author wonders.
The government unable to solve the problems of 2.5 million citizens having debts to banks, 13,000 families of martyrs of the war, and 17,000 students unable to pay for their studies cannot solve the social problems of people abroad.
Echo publishes an article about the possible collapse of the banking system because of the outstanding loans of the population. Banks simply cannot function, as 70% of the outstanding loans account for legal entities. The total of outstanding loans is 1.5 billion dollars. Authorities could cover part of the loans of individuals, since these citizens would not be able to return these loans.
Novoye Vremya talks on the fate of not initiated reforms during the crisis in the financial system of the country.
Bank deposits are reduced and fell by 20% as of 1 December 2016.
Endless cheapening of the manat renders it meaningless and unprofitable to obtain bank loans. Endless financial influence from the Oil Fund does not give effect, and has only a short-term impact. At the same time, the petrodollars, which were to be spent on the country's development in the long term, are melting.
Social
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On December 25, an Embraer 190 passenger plane operated by Azerbaijan Airlines CJSC (AZAL), on a Baku–Grozny flight, crashed near the city of Aktau in Kazakhstan. Azerbaijan’s Consul General in Aktau, Ayxan Suleymanlı, stated that the plane had 67 people onboard, including crew members, 38 of whom died. According to him, 26 of the deceased were Azerbaijani citizens.
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On December 27th, rain is expected in Baku and the Absheron Peninsula, and heavy rainfall in some areas. The wind will be southeast. The air temperature at night will be +7 to +9°C, and during the day, it will be +9 to +11°C. Humidity will be 70-80%. Precipitation is expected across the country in the evening, particularly in the eastern regions. Snow is expected in the mountains.
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Embraer 190 plane of Azerbaijani airline AZAL crashed near the city of Aktau early in the morning on December 25.
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Embraer 190 plane of Azerbaijani airline AZAL crashed near the city of Aktau early in the morning on December 25.
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