The official newspaper Azerbaijan has published a photo of Ilham Aliyev called Velocity Capital and dedicated to the upcoming competitions Formula 1. The article presents the whole informative part of the upcoming events and the author talks about the dividends that Azerbaijan will receive from these competitions.
Several publications with an international reputation, such as
Dubai Sport, Bein TV and Al Jazeera Sport have named Formula 1 held in Baku and the European football championship the main sporting events of the year.
Azadlig gives the World Bank analysts’ view of a high probability of a third devaluation in Azerbaijan. Local experts also analyze the issue. The expert Samir Aliyev expresses a similar view, as rise in oil prices is not expected.
Until the fall, the USD exchange rate will not exceed 1.60 AZN.
MP Vahid Ahmedov offers a soft devaluation, and if the government does this, the third devaluation can be avoided.
Echo writes on the need to improve the security system in schools on a single standard. Under this standard, it is important that all schools are equipped with cameras and metal detectors. Tragic events such as those occurred in the State Oil Academy on April 30, 2009 should never be repeated.
In Baku, there are 297 secondary schools and 39 institutions of higher education. Accordingly, 336 educational institutions are concentrated in the capital. If each institution to improve the security system requires 2,000 manats, the state should allocate a total of 672,000 manats. It is not a large sum for the safe life of the future generations. The judge Nariman Agayev calls the main problem. According to him, 95% of schools are out of control.
Novoye Vremya has published an article entitled It's Time to Solve the Problem, which refers to the increase in non-performing loans. The problem is compounded even more and the Central Bank does nothing to stop this process. Their growth is 54 million AZN monthly.
Bankers, referring to their difficulties, do not intend to reduce the interest on loans. Meanwhile, the high interest rates are one of the reasons for non-payment of loans.
Banks are waiting for help from the state, but the country's currency reserves will not allow subsidizing the banking system at the former level.
Merger of banks is a way, but it may cause monopolization of the banking sector.
Bizim Yol writes about the decline of the population's deposits in banks. Loans have decreased by 14% and consumer loans - by 1.2 billion AZN. Lending to the manufacturing and industrial sector has decreased by 740 million AZN or 37%. Mortgage lending has fallen by half. Deposits in EUR and USD have decreased by 1.6 billion AZN and 6.2 billion AZN respectively. -0--
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Variable cloudiness is expected in Baku and Apsheron peninsula on Sunday, 28 July.
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As part of the struggle against illegal migration in Baku city, operative actions were carried out at different addresses. The Interior Ministry reports that employees of the Department for Combating Illegal Migration identified and detained 34 foreigners without documents giving the right to reside and stay on the territory of Azerbaijan.
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On July 25, the Azerbaijani Ministry of Defense accused Armenia of "provoking" by deploying heavy weapons in Kalbajar and quadcopters in the Tovuz direction. The ministry also expressed dissatisfaction and concern over Armenia's military cooperation with Western countries.
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During the operation of the Main Drug Control Department of the Ministry of Internal Affairs, 5 members of an organized group engaged in drug trafficking were detained. All of them have previous convictions: Bahlul Ismayilov, Royal Aliyev, Khayal Aliyev, Samir Aghayev, and Ali Mammadli.
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