The significance of the International Caspian Oil and Gas Exhibition, the reasons for non-provision of loans by banks, the state of the economy, and the appreciation of the dollar are the leading topics of today's press.
The Azerbaijan writes about the traditional oil and gas exhibition and its role in the energy sector of the region. The author recalls that the organization of such exhibitions was possible after the signing of the "contract of the century" in 1994.
The Echo published an article on non-provision of loans by banks.
Banks do not talk about this openly, but in practice they do not issue loans. As they are afraid of no return, they cannot give out credit cards to everyone.
The Financial Market Supervision Authority has obliged banks to issue loans only if the borrower has an income equal to a three-fold subsistence minimum.
The Novoye Vremya writes on the role of oil prices in the country's economy.
Apparently, the economy is not going to grow, but its fall is quite expected. In addition, Moody"s Investors Service lowered its forecast for Azerbaijan's economic growth for 2017.
The Yeni Musavat is discussing whether the dollar will go up after the Islamic Solidarity Games. The author claims the government is interested in keeping the dollar rate at the same level. Experts note that it is impossible to link the manat rate only to Formula One.
There is also a factor of increase in the USD interest rate in the US. By the end of this year, the dollar can grow to 1.92 manats. -0-----
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On Tuesday, rainy weather with thunderstorms and moderate northwest wind is expected in the Baku, according to meteorologists. The rainy weather will continue untill Wednesday evening. The air temperature at night will be +7 to +10°C, and during the day, +11 to +13°C. The humidity will be 80-90% at night and 70-80% during the day. Rain with thunderstorms will also affect other parts of the country. Snow is expected in mountainous areas. There will be fog in places, with westerly winds.
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Industry leaders from Google, Ambition Loop, and Azerbaijan Railways joined Azercell to explore corporate responsibility, innovative solutions, and collaborative approaches to advancing sustainability
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The COP29 conference concluded in Baku, leaving behind a trail of controversy and criticism. Renowned historian Jamil Hasanli characterized the event as a vivid reflection of governance problems in Azerbaijan under President Ilham Aliyev. Hasanli, a staunch critic of the administration, described COP29 as an expensive spectacle that exposed systemic failures and intensified international scrutiny of Azerbaijan's political and economic structures.
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President of the European Parliament Roberta Metsola has invited Azerbaijani economist and political prisoner Professor Gubad Ibadoglu to Strasbourg to attend the 2024 Sakharov Prize award ceremony. The invitation, delivered by Member of the European Parliament Michael Bloss at the COP29 climate conference, comes as Ibadoglu remains under house arrest and prohibited from leaving Azerbaijan.
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