Azerbaijan, as an investor country, the prospects of the country's banking system in 2018, and the discrepancy of official data on unemployment with the real situation are the leading topics of today's press.
The newspaper Azerbaijan writes that the oil contracts signed in 1994 became a bridge for the country's integration into the world economy.
The author tells about the major projects, of which Azerbaijan became a participant. This is Baku-Tbilisi-Erzurum and Turkey's oil refinery Star with an annual capacity of 10 million tons. This is the Black Sea terminal in Georgia.
Azerbaijan found its place in the markets for retail sales of oil products in Sweden, Romania and Ukraine.
The website Azadliq.info writes about the discrepancy between the official statistics and the real situation. The material entitled 417 Thousand False Jobs states 53.7 thousand people lost their jobs in the first 11 months of the past year.
Over the past two years, the number of the unemployed has increased by 227.4 thousand people. However, the government continues to maintain that their number is 250,000. Further in the article more detailed data are given on the number of unemployed and about how the actual figures differ from the official data.
The newspaper Yeni Musavat writes about the situation with banks, noting that their closure is not a way out. The perspectives of the banking system are discussed by experts and deputies. The author reminds that in 2016 13 banks were closed, and it is expected that several more banks will be closed this year.
Distressed loans have reached almost 2 billion manat, accounting for 15% of the total loan portfolio. The capital of almost 5 banks is below 50 million manat, which is one of the factors for their closure.
Today, the market in Azerbaijan is divided between five banks: International Bank of Azerbaijan, Pasha Bank, Capital Bank, Khalg Bank and Azerbaijan Senaye Bank. The assets of these banks account for 80% of all assets of the banking market.
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On November 1, the weather in the capital will be cloudy, with light rain in some areas during the night and morning. There will be a moderate southwest wind. The temperature at night will range from +7 to +10°C, and during the day it will be +12 to +15°C. Humidity will be 70-80% both at night and during the day. No precipitation is expected across the country. There may be fog in some areas, with a moderate west wind.
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After introducing six innovative products to its subscribers in a short time, Bakcell was honoured with the "Most Successful Rebranding" award at the prestigious international advertising and marketing competition "Felis." The award ceremony took place at the traditional "Brand Week" event held on 8 November 2024 in Istanbul.
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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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