The development of cotton growing, the rapid depreciation of the manat, and the future fate of the pipeline TAP are the leading topics of today's press.
The Azerbaijan newspaper writes about the development of cotton production in Azerbaijan. The author juts into the history of the development of cotton production in 1970-80s. The development of such a profitable industry will also create additional jobs. The author notes that in 24 regions of the country there is successful development of cotton growing, recalling that next year the cotton harvesting should reach 100 thousand tons. This year the cotton harvest attracted about 70 thousand people.
The website Azadliq.info writes about the rapid fall of the manat. The author writes that due to the rise of the dollar, the banks stop selling it. Now the number of banks not selling the dollar has reached 11.
The expert Samir Aliyev says the Central Bank seeks to reduce the cost of the manat to a certain level.
Echo has published an article about the fall of remittances to Azerbaijan. Every year the volume of transfers will only shrink. This is due to the weakening of the ruble against the dollar and the decline of Azerbaijani migrants abroad.
The currencies of the CIS countries, where the Azerbaijani migrants mostly work, get weaker against the dollar, which is why the volume of money transfers for individuals is reduced.
Novoye Vremya writes on the reduction of loans from international financial institutions. Recall that recently the Azerbaijani Energy Minister Natig Aliyev said that without external borrowing it would be difficult to implement the project Southern Gas Corridor.
Before the end of the year, the Asian Development Bank's Board of Directors will discuss a loan of USD 1 billion for the project.
Social
-
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.
-
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.
-
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.
-
Last night, three earthquakes occurred along the Armenia-Azerbaijan border with magnitudes of 4.8, 3.0, and 3.8, according to the Republican Center for Seismological Service of the National Academy of Sciences of Azerbaijan. The Ministry of Emergency Situations reported no information about any destruction or casualties as a result of the earthquakes.
Leave a review