The Tehran meeting of the Presidents of Iran, Azerbaijan and Russia, a look at deposit auctions, and unsystematic export are the leading topics of today"s press
The newspaper Azerbaijan writes about the meeting of the Presidents of Iran, Azerbaijan and Russia in Tehran. The meeting in this format is a time-consuming task if we take into account the ongoing processes in the world and instability in the Middle East. The article highlights the cooperation of the three countries in the fields of energy, transport and others.
The newspaper Echo published an article entitled: Auctions to Support Manat Harmful to Azerbaijan"s Economy. At the last CBA deposit auction on October 30, the demand was 3.7 times higher than the supply. This suggests that Azerbaijani banks are eager to work with the Central Bank and do not want to deal with the population and entrepreneurs. Withdrawal of funds from the banking system will stop economic growth. The financial market is almost closed, and lending is suspended. A deposit auction is a double-edged sword. The volume of problem loans in banks is growing every month.
Azerbaijan"s GDP is also falling. Because of this, private banks do not want to give out loans. The safest way to save and increase capital is the CBA deposit auction. The risk of losing money is minimal, and the conditions are quite profitable, so banks gladly give their capital to the regulator.
The newspaper Novoye Vremya published an article on exports, the growth of which is detrimental to the economy. This leads to an increase in prices in the domestic market, the author believes.
There must be a clear program of action for the export of our goods. The government or any particular ministry is not able to develop such a strategy yet.
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Azerbaijan's Ministry of Ecology and Natural Resources (MENR) has reported large-scale efforts to restore forests across the country, planting tens of thousands of saplings to expand forested areas. However, critics claim that the ministry simultaneously facilitates deforestation by leasing land to private companies.
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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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