The importance of holding an oil and gas exhibition in Azerbaijan, the threat to medium and small businesses, the likelihood of the closure of five more banks, and the reasons for the restructuring of the International Bank of Azerbaijan (IBA) are the leading topics of today's press.
The Azerbaijan writes about the regular oil and gas exhibition and its significance for Azerbaijan. The author goes into the history of the issue of holding this exhibition, noting that the beginning was laid by Heydar Aliyev. Today the exhibition opens at the 24th time and about 400 representatives from 30 countries will take part in it.
The Echo published an article titled Threat to Small and Medium Business in Azerbaijan.
Azerbaijan lacks foreign currency, and the economy cannot develop without cash in foreign currency, because the country is still import dependent. If this trend continues, then a serious threat will hang over small and medium-sized businesses. The market requires cash for circulation, especially the US currency.
The Novoye Vremya published an article on preparations for the closure of five more banks. Now only banks that have foreign capital are afloat and live at the expense of injections from outside and from state banks. All the others have to leave the market.
Five banks with capital problems are under special control, and they must solve this problem until the middle of the year. -0--
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The International Coalition for Democratic Renewal (ICDR) and Forum 2000 Foundation expressed grave concerns over the escalating repression of civil society in Azerbaijan, issuing a joint statement. The groups highlighted the government's intensified crackdown on lawyers, journalists, activists, and human rights defenders, painting a stark picture of a country where dissenting voices are systematically silenced.
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The Times Higher Education (THE), a leading international organization with an audience of 60 million and ranked among the world's top 100 networks in the field of education and skills assessment, has published a comprehensive article titled “Calls for the Release of Azerbaijani Scholar as Climate Summit Begins.” THE, known for its annual ranking of world universities, notes that while a major fossil fuel producer hosts a gathering of global leaders, it is cracking down on dissenters. Human rights groups are urging the Azerbaijani government, which is hosting the COP29 climate conference, to release a scholar detained after criticizing fossil fuel policies.
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On Thursday, overcast weather is expected in the capital will be overcast, with light rain possible in the morning. There will be a moderate southeast wind. The temperature at night will be between +8 and +10°C, and during the day, it will range from +12 to +15°C. Humidity will be 65-75% both at night and during the day. Precipitation will occur in the eastern part of the country. There may be fog in some areas, with a moderate east wind.
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On November 12, the summit of world leaders commenced at the 29th session of the Conference of the Parties (COP29) of the United Nations Framework Convention on Climate Change (UNFCCC) in Baku. According to "Euronews," citing sources from the UN, the event is attended by around 100 heads of state.
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