Ineffectiveness of anti-crisis measures of the government, instability of banks and bad loans are the main topics of today's press.
Azadlig published an article: Government Receives “Two” for Anti-crisis Measures, in which the expert Nemat Aliyev discusses anti-crisis measures. He believes that the failure is related to the lack of understanding by the government of the entire magnitude of the problem or the lack desire to understand it. The main anti-crisis measures should take place in the development of non-oil sector. If there are no positive results, then the measures are taken in the wrong direction. Corruption and bribery cannot be discounted. We should create normal conditions and environment for economic development. The country's GDP is reduced, increasing financial losses, the expert said.
Echo published an article Which Banks in Azerbaijan Can We Trust? "Given the current state of the banking system of Azerbaijan, unfortunately, we cannot completely trust any bank in the country. The fact is that the banking system is dependent on other financial institutions, and while unreliable banks operate in the market, the banking system of the country is at stake. However keeping money "under the pillow" is also dangerous. It is safest to trust money to banks that do not hide their financial statements. There are about 10-12 of them in the Azerbaijani market. But there is no guarantee that one or another bank does not embellish its accounts. Despite the fact that none of the Azerbaijani banks can boast with its reliability, theoretically possible is exception of banks, where the state's share exceeds 50%. According to the legislation, if these banks go bankrupt, the government will have to compensate customer deposits.
Yeni Musavat discusses the issue of problem loans with the expert Vugar Bayramov. The expert believes that the amount of bad loans is about 1 billion 500 million USD. In reality, however, this figure is more. The banking system is not willing to make concessions in the interests, and the Central Bank hesitates.
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Lawyer Agil Layij has accused the chairman of the Baku Court of Appeals, Mubariz Akperov, of mismanagement and called on President Ilham Aliyev to intervene. Layij voiced his concerns in a Facebook post, stating that Akperov's leadership has reduced legal defense to a "formal level."
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As part of its strategy to support inclusivity, Bakcell, the leader in innovation and speed, organized an event titled “Innovating Towards Diversity” at the Kaşalata Café, established by the public union “Birgə və Sağlam” (Together, Healthy). The event celebrated the partnership between Bakcell and the public union while offering an opportunity to connect with the young employees of the café.
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The Cabinet of Ministers of Azerbaijan has approved amendments to the regulation on the allocation of funds collected from traffic fines, initially established in 1999. The decision, formalized under the decree No. 14 on January 23, 2025, aims to align existing legislation with recent presidential directives to enhance traffic management in Baku's administrative territory.
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On 25 January, the weather in the capital will be changeable. At night and in the morning there will be weak precipitation in some places. Wind is north-western. At night +4+6, during the day +7+10.
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