Evaluation of Islamic solidarity, the reasons for the manat value rise, the situation in the banking sector, and the rise in unemployment are the leading topics of today's press.
The newspaper Azerbaijan writes about the conciliatory mission of Ilham Aliyev. The author calls Azerbaijan an island of tolerance and stability, while other countries, Arab in particular, are destroyed under the guise of democracy and human rights.
The author calls the announcement of 2017 a year of Islamic Solidarity a result of far-sighted policies and cites the Islamic Games to be held in Baku this year.
The website Azadliq.info talks about the root causes of the AZN value rise. The expert Samir Aliyev says there is no reason for that, since the dollar flow into the country has not increased, imports have not decreased, and foreign exchange reserves have not increased, as well as the amount of dollars to be auctioned.
Dollars today come to the country only through the Oil Fund. It is possible that the strengthening of the manat is due to the repayment of foreign debts, which have to be repaid this year.
The weakening of AZN complicates the return of debts that can be the cause of its temporary strengthening.
Echo has published a material about the banks closing. At the end of the fourth quarter of 2016, 15 banks did not publish financial statements. From the experience of last year, it is clear they are on the verge of bankruptcy. Thus, part of the 32 banks will be closed.
The Financial Markets Supervision House of Azerbaijan has presented a report which indicates that the total losses of the banking sector last year amounted to 1 billion 667.6 million manats.
Novoye Vremya writes about the growth of unemployment in the country due to the ongoing crisis, the drop in GDP, the falling exchange rate of the manat, and the rising inflation and unemployment. Many foreign firms and companies, where a large number of citizens were employed, have stopped work. –0--
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The International Coalition for Democratic Renewal (ICDR) and Forum 2000 Foundation expressed grave concerns over the escalating repression of civil society in Azerbaijan, issuing a joint statement. The groups highlighted the government's intensified crackdown on lawyers, journalists, activists, and human rights defenders, painting a stark picture of a country where dissenting voices are systematically silenced.
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The Times Higher Education (THE), a leading international organization with an audience of 60 million and ranked among the world's top 100 networks in the field of education and skills assessment, has published a comprehensive article titled “Calls for the Release of Azerbaijani Scholar as Climate Summit Begins.” THE, known for its annual ranking of world universities, notes that while a major fossil fuel producer hosts a gathering of global leaders, it is cracking down on dissenters. Human rights groups are urging the Azerbaijani government, which is hosting the COP29 climate conference, to release a scholar detained after criticizing fossil fuel policies.
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On Thursday, overcast weather is expected in the capital will be overcast, with light rain possible in the morning. There will be a moderate southeast wind. The temperature at night will be between +8 and +10°C, and during the day, it will range from +12 to +15°C. Humidity will be 65-75% both at night and during the day. Precipitation will occur in the eastern part of the country. There may be fog in some areas, with a moderate east wind.
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On November 12, the summit of world leaders commenced at the 29th session of the Conference of the Parties (COP29) of the United Nations Framework Convention on Climate Change (UNFCCC) in Baku. According to "Euronews," citing sources from the UN, the event is attended by around 100 heads of state.
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