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.”
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For more than three decades, the Turan News Agency has been a pillar of independent journalism in Azerbaijan, providing objective and reliable reporting amid political and economic instability. Founded in 1990, in the final days of the Soviet Union, we have endured the challenges of transition, war, and reform while remaining committed to journalism that serves the public interest.
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It will be cloudy and rainy in Baku and Absheron on 14 February. Wind will be north-west, gusty. Air temperature at night +2+4, during the day + 5+7. Humidity 75-85%.
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At the "Julfa" customs post of the Nakhchivan customs, during an inspection of a truck from Iran that was transiting to Türkiye, 101.4 kg of methamphetamine was found in the fuel tank and heating system tank.
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This year, 22,000 foreign language teachers and an additional 4,000 teachers who were unable to pass certification last year will be involved in the certification process, the director of the state agency for preschool and general education, Eshgi Bagirov, announced on February 12. According to him, of the 65,000 teachers involved in the certification, 55,000 passed successfully and received salary supplements. At the same time, employment contracts were terminated with 5,000 teachers who did not pass the certification.
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