The development of the non-oil sector, the reasons for the reduction of bank deposits, the squandering of oil revenues, and the failure of officials to save the economy are the leading topics of today's press.
The Azerbaijan writes that the model of economic development of the non-oil sector has been chosen as a priority. The author emphasizes that Azerbaijan is a country emerging from the world crisis with minimal losses. The past period clearly demonstrated that the country does not depend on oil.
The author quotes President Ilham Aliyev, who quotes the figures for the four months of this year, according to which the trade surplus amounted to $ 1.2 billion, trade increased by 11%, exports - by 41%, non-oil exports - by 22%, and agricultural exports - by 44%.
The Echo published an article about mistrust of the population to banks.
Since the first devaluation to date, the population has acquired about 2 billion dollars. People store some of the money at home - "under the pillow", while a small part is stored in banks on dollar deposits.
Significant amounts of funds "do not work", which hinders the development of the economy.
The Yeni Musavat deals with the topic of oil revenues. Expert Gubad Ibadoglu says that oil revenues have been spent extremely inefficiently.
MP Ali Masimli agrees with him, recalling that the current external debt of the country is 20% of GDP. For today, oil revenues have totaled $ 135 billion, of which $ 100 billion has been spent, and $ 35.6 billion has been retained as assets of the Oil Fund. -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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