The development of industry in the country, the situation in banks, and the uncertain future of oil prices are the leading topics of today's press.
The Azerbaijan writes about the successful modernization of the industry, making important decisions in this area, including the creation of industrial zones and parks.
The Echo writes about the banking crisis, which has become chronic. Until banks give out loans to the population at the reasonable interest, talks about their activation are senseless. However, due to the unstable manat rate, this process does not begin.
According to the Financial Market Supervision Authority, for 4 months of 2017 the number of bank employees decreased by 733 people. Commercial banks are taking tough measures to cut costs and gain profits. The volume of lending is declining, and the population continues to withdraw funds from banks.
The Novoye Vremya writes about the decline in the role of oil in the country's economy. It is possible that the reduction in production will exceed 20 thousand barrels per day. Today, Azerbaijan uses mostly old deposits.
Due to these deposits, more than 400 million tons of oil has been produced. In recent years, Azerbaijan has not discovered any large deposits and production volumes continue to fall. -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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