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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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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Starting from November 25, dedicated traffic lanes allocated for COP29 conference participants will lose their exclusive status and will be open to all vehicles, according to the Land Transport Agency (AYNA).
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