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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- Social
- 2 November 2017 13:09
Social
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Last evening and night, marble “monuments” from the time of Hajibala (former mayor of the capital) once again reminded the residents of Baku of themselves. Underground passages and tunnels, decorated with marble and not equipped with an appropriate drainage system, caused a real flood in a number of districts of the capital.
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The leading mobile operator brings together literature enthusiasts as part of the “Book Club” project Azercell remains dedicated to preserving Azerbaijan’s literary heritage through its ongoing "Book Club" initiative. On October 25, the company will host a literary evening with the participation of contemporary writer Jeyhun Hidayatly, narrator Khazar Suleymanly, and screenwriter Azer Aydemir.
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The rain that started in Baku on October 21 will continue until noon on the 22nd. In several areas of Absheron, the precipitation will be heavy with thunderstorms. In the regions of the country, the rain will last until October 23. Most of the country will experience intense precipitation with hail. In the mountains, it will snow. An increase in water levels in mountain rivers is expected, which may lead to mudslides.
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Precipitation will occur in some places in Baku and Apsheron peninsula on Sunday, 20 October. At night, rain will intensify in Absheron, there is possibility of thunderstorms. Precipitation In the afternoon will gradually stop.
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