Traditions of tolerance in Azerbaijan, the situation with migration, the level of problem loans and the situation around the International Bank of Azerbaijan are the leading topics of today's press.
The Azerbaijan writes about the Azerbaijani model of tolerance and multiculturalism. The article writes about the recent terrorist attacks in the world and about the Arab-Islamic-American summit. The author believes that the world today, more than ever, needs solidarity, since terrorism has become a great danger. Speaking about Azerbaijan's tolerance, the author cites the Islamic Solidarity Games as an example, and Nakhchivan's announcement as an Islamic cultural capital in 2018.
The Echo published an article on emigration from Azerbaijan
Annually, thousands of Azerbaijani citizens leave the country in search of a better life. Some, however, do not renounce the citizenship of Azerbaijan.
The results of the lottery Green Card - 2018, which entitles you to move to the United States, have been published recently. As it turned out, among the participants from Azerbaijan there were a number of people who earned quite well at home. This once again proves that not always people move because of material problems.
In 2016, the State Migration Service and the Ministry of Internal Affairs registered 3,200 people who arrived in Azerbaijan for permanent residence, as well as 1,700 people who left the country.
The Yeni Musavat again turns to the topic of problem loans. According to official statistics, the volume of problem loans has exceeded one and a half billion manats. The author accuses commercial banks of not doing anything to change the situation. As of May 2017, problem loans were 10.2%, which is about 1.6 billion dollars.
The Novoye Vremya published an article titled Salvation of International Bank of Azerbaijan - Impossible Task? Apparently, the successful restructuring of the obligations of the IBA is considered as a starting point in the fight against the economic crisis in the country. That is, the entire economy of Azerbaijan has become a hostage to the banking sector. To save the International Bank will need to spend the country's gold and currency reserves. Moody's does not trust the calculations on the debts of the International Bank of Azerbaijan. The process of improving the IBA can damage the state budget and prevent financing of foreign projects, said a representative of Moody's. -0--
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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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An operation at Istanbul Airport has revealed an incident that could strain diplomatic relations. Kahraman Shamil oglu Mammadov, alleged to be an Azerbaijani military attaché, was caught with 70 kilograms of gold. According to Turkish media, Despite Mammadov's claims that he is a diplomat, it is believed that the incident is related to gold smuggling.
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On a brisk November evening, the residents of Baku gathered along the waterfront of the Caspian Sea, stunned by what appeared to be the washed-up body of a colossal whale. At 16 meters long, the creature’s seemingly lifeless form and pungent odor left many convinced they were witnessing an ecological tragedy. By that night, however, the mysterious visitor had departed, loaded onto a cargo platform and whisked away to the airport.
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