The strategy of economic development of the country, the expected price increase, the rising prices of cigarettes, and the situation in the banking sector are the leading topics of today's press.
The official newspaper Azerbaijan writes about the national development strategy in the times of crisis. The author believes that by the application of the right strategy in the crisis we can achieve prosperity. As an example, he refers to the United States and Japan, who were able to cope with their problems in the time of deep depression.
The author believes that Azerbaijan is moving towards effective reforms, creating its own model of development. The author mentions the recent visit of the President to the southern region, which is regarded as a regional development strategy in the crisis conditions.
Azadlig (electronic version) writes about the expected sharp rise in prices in the country. With reference to the well-known rating agency Mood Investor Service, it reports on the termination of exports from the country, while wholesale centers refuse to give their goods for shopping.
Among the former Soviet republics the biggest financial crisis is observed in Azerbaijan. The article referring to fins.az states that the monetary policy implemented in the country is not justified. As a result of the devaluation, a sharp rise in prices and shortage, the situation will be difficult, the experts say.
Echo has published an article entitled How to Save Banking Sector of Azerbaijan? Local experts argue on this topic. In their opinion, it is necessary to limit lending in foreign currency, allowing it only for import operations. Secondly, the Central Bank has to conduct its operations on a floating rate of USD / AZN. Thirdly, the limits on the open currency position should be restored. And fourthly, radical measures should be taken to eliminate the "black market".
It is also necessary to tighten the work of banks, so that they are not engaged in speculation.
Novoye Vremya has published an article entitled Tobacco Market Reeling. The article says the price of tobacco was increased twice last week. Like a week ago, no one calls the reasons for such a sharp rise in the price of cigarettes. The traders refer to the suppliers, and those refer to the economic difficulties, namely to the reduction in the value of the manat against the US dollar.
Social
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Azerbaijan's Ministry of Ecology and Natural Resources (MENR) has reported large-scale efforts to restore forests across the country, planting tens of thousands of saplings to expand forested areas. However, critics claim that the ministry simultaneously facilitates deforestation by leasing land to private companies.
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On Sunday, December 22, changeable cloudy weather is expected in Baku and the Absheron Peninsula. Drizzle is possible during the night and morning in some areas of the peninsula. Moderate southwest winds will prevail. The air temperature will be 5-8°C at night and 9-11°C during the day, according to the National Hydrometeorological Service of the Ministry of Ecology.
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Baku, often called the "Caucasian Dubai," is increasingly known for systematic violations of residents' housing rights. During urban renovations and the construction of elegant new buildings, thousands of families in Azerbaijan’s capital have been unlawfully deprived of their homes. Many, recognizing the futility of resistance, settle for inadequate monetary compensation for their irreplaceable property. A minority, placing faith in the Housing Code, demand fair compensation from construction companies but often lose everything—both their homes and any form of recompense.
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Azerbaijani team prepares to compete in three prestigious international Olympiads The preparation of young programmers representing Azerbaijan in international Olympiads continues successfully. In collaboration with Azercell, the Ministry of Science and Education, and the Institute of Education, the latest “Informatics Camp” was held at the Baku Higher Oil School.
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