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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"The biggest challenge in the education sector is the low number of fully staffed schools," said Minister of Science and Education Emin Amrullayev on November 20 during a joint session of the Parliamentary Committees on Agrarian Policy, Family, Women, and Children Issues, and Science and Education. The session was held to discuss the draft law on the "State Budget for 2025," according to local media reports.
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The innovation and speed leader Bakcell organized a panel discussion on the topic “Sustainability Through Artificial Intelligence.” The event featured speakers including Bakcell’s Marketing Director Elkhan Sadiqzade, PwC Azerbaijan’s Head of Advisory Services Farid Qattal, and the Head of Innovation at the Innovation and Digital Development Agency Evgeniya Bikmurzina. The panel was moderated by Aysel Suleymanova, Bakcell’s Director of Corporate Communications and Public Relations.
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On Saturday, the weather in Baku will be variable, with possible drizzle by the evening. There will be fog in some areas in the morning and evening. A moderate northwest wind will change to the southeast by evening. The temperature at night will range from +9 to +12°C, and during the day it will be between +13 and +18°C. Humidity will be 75–85%.
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A Lufthansa airliner flying from Mumbai to Munich made an emergency landing at Heydar Aliyev International Airport early Wednesday after a passenger suffered a sudden medical emergency, airport officials said.
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