The official newspaper Azerbaijan says the competition Formula-1 started in Baku is sports success won by President Ilham Aliyev. These achievements began after he was elected President of the National Olympic Committee. At the same time, the era of the revival of sport in the country began.
Azadlig publishes an article that talks about great theft and incomprehensible thrift. The newspaper writes about the need to exercise prudence in the budget and criticizes extravagance of officials, especially in the purchase of expensive official cars. The author calls on the authorities not to spend money on pointless activities.
Echo: By 2020, gas from Azerbaijan will be released to the European market. Of course, the prices will be low. But, most importantly, we should wait for that period, and the situation will improve. The Azerbaijani oil has been stably supplied to the world market since 1998. Then it was worth $ 10. The first three years were extremely difficult. In 2005, the price reached $ 40.
After 2025 the gas prices will start to rise. The fact is that in America, shale gas production will reduce. Accordingly, the United States will suspend its export because of its own needs. Then the supply from the North Sea, too, will fall, experts say.
Novoye Vremya publishes an article entitled Azerbaijan's Economy Weakening.
In January-May 2016 the country's GDP fell by 21 512 800 000 AZN or 4.2% compared to last year.
There are big problems with export demand. The non-oil sector is not able to provide even a small export demand. For commodity economies the reason is decline in the prices of oil, gas and other minerals.
To compensate this, the tax rates are increased and the social spending (education, medicine, etc.) is reduced. However, these actions strengthen the decline in production.
Yeni Musavat discusses the issue of Azerbaijan's foreign debt with experts. According to Natig Jafarli, there will be problems with the return of these debts. There is no other source generating big income in Azerbaijan, besides oil and gas. The debt recovery will be in the 2020s, but in these years oil and gas prices will not be high, which will also complicate the return of foreign debts.
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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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On Wednesday, rain is expected in the capital during the night and morning hours. The northeast wind will change to the southeast in the afternoon. The air temperature at night will be +7 to +9°C, and during the day, it will reach +10 to +12°C. Humidity will be 70-75% at night, and 60-65% during the day.
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Amid the bustling scenes of this year’s COP29 climate conference, a protest against whaling and deep-sea mining, organized by a group calling itself the FINS Initiative, drew significant attention from delegates and observers. However, questions have arisen about the legitimacy of the group, as an internet search yields little evidence of its existence beyond scattered mentions.
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