Unreasonable government promises, the people’s financial problems, and the growth of dollarization of the economy are the leading topics of today's press.
The newspaper Azerbaijan writes about the success of AAAF-Park Holding and the implemented numerous projects, including residential buildings and complexes, villas, and sports infrastructure.
The website Azadliq.info assesses the current economic situation in the country, calling it an extreme crisis that has deepened over the past two years.
On the one hand the country’s currency reserves are coming to an end, but on the other, implementation of new projects starts. According to the author, all this is visibility since none of the projects would be implemented. In this connection, the author recalls the credits that the state took from international financial institutions.
Echo writes about the growing poverty in the country. Food costs have risen since the devaluation of the manat. While earlier food costs made up 40-50% of the household income, today they make up more than 60%.
Over 50% of the population faces with greater financial difficulties. During this period, the population spent 49.8% on food, beverages and tobacco, 17.3% - on textiles, clothing and footwear, 6.5% - on electrical goods and furniture, 5.8% - on motor fuel , 1.4% - on pharmaceutical and medical goods, 0.8% - on computers, telecommunications equipment and other products, and 18.4% - on other non-food goods.
Novoye Vremya writes about the dollarization of the economy. According to the Central Bank, 70% of bank deposits in the country are denominated in dollars, which is the highest figure in the last decade. The move away from the national currency means that the Central Bank and private banks will need “international reserves or new loans in volumes more than usual.”
Social
-
The closure of Azerbaijan's land borders was discussed during the parliamentary session on November 25. While the government’s decision cites the coronavirus pandemic as the main reason—despite the World Health Organization declaring its end last year—Zahid Oruj, Chair of the Human Rights Committee in the Milli Majlis, pointed to other factors. He stated, "Opening the borders could result in an influx of hundreds of thousands of non-Azerbaijani refugees due to the Russia-Ukraine war. Additionally, in Iran, many are prepared to cross into Azerbaijan to safeguard their lives and assets amid military strikes. Such waves of refugees could lead to humanitarian, social, and cultural clashes that may threaten political stability."
-
On Tuesday, the General Prosecutor's Office announced the initiation of new criminal cases against agricultural product exporters who allegedly concealed their earnings abroad. Specifically, the Sumgayit City Prosecutor's Office has opened a criminal case under Articles 208.2.1 and 208.2.2 (failure to return foreign currency to the country in large amounts by prior agreement of a group of individuals) and Article 308.2 (abuse of office causing serious consequences) against officials of the company "SOİL BOONS" LLC – Jahangir Aliyev, Elyar Gadzhiev, Mehman Mirzamedev, Saleh Gabilov, and Aly Aliyev.
-
Rains will continue in Baku and Absheron on 27 November, forecasters said. In places, precipitation will be intense with thunderstorms. Moderate north-west wind.
-
On Tuesday, rainy weather with thunderstorms and moderate northwest wind is expected in the Baku, according to meteorologists. The rainy weather will continue untill Wednesday evening. The air temperature at night will be +7 to +10°C, and during the day, +11 to +13°C. The humidity will be 80-90% at night and 70-80% during the day. Rain with thunderstorms will also affect other parts of the country. Snow is expected in mountainous areas. There will be fog in places, with westerly winds.
Leave a review