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.
Social
-
Variable cloudiness is expected in Baku and Apsheron peninsula on Sunday, 28 July.
-
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.
-
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.
-
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.
Leave a review