Assessing the presidency of Ilham Aliyev, solving problems with overdue loans, and the housing market are the leading topics of today's press.
The Azerbaijan published an article titled The Golden Decade, dedicated to the rule of Ilham Aliyev. The author recalls the large-scale transnational projects implemented during his reign, writes about the incomes and expenditures of the state budget, etc.
The Echo published an article entitled Azerbaijani Banks Sell Overdue Loans to Each Other? According to the Azerbaijani legislation, so-called collector firms are prohibited from buying problem loans from banks and non-banking organizations. However, banks have the right to buy overdue loans from each other. Typically, such transactions are carried out in cases where one bank urgently needs money and it issues problem loans for sale to other banks at a reduced price. Then the new owner of an overdue loan with the help of collectors "knocks out" the money from the customer. As a rule, they buy out loans where there are pledges, because there is a chance to win in a court and confiscate the pledged property. More often a wholesale transaction is made when selling problem loans. Banks redeem hundreds and thousands of loans that are similar to one another in terms of conditions, amounts and collateral.
The Yeni Musavat writes about a certain revival in the housing market in connection with students and tourists. Previously, the need for rented accommodation was greater, since there were a lot of people wishing to work at construction sites in the presence of a construction boom. Experts say that a normal apartment with repair and furnishings costs 350-400 manats. Apartments located far away are 300 manats. In the near future, the cost of rented apartments can increase by 20-25%.
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The COP29 conference concluded in Baku, leaving behind a trail of controversy and criticism. Renowned historian Jamil Hasanli characterized the event as a vivid reflection of governance problems in Azerbaijan under President Ilham Aliyev. Hasanli, a staunch critic of the administration, described COP29 as an expensive spectacle that exposed systemic failures and intensified international scrutiny of Azerbaijan's political and economic structures.
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President of the European Parliament Roberta Metsola has invited Azerbaijani economist and political prisoner Professor Gubad Ibadoglu to Strasbourg to attend the 2024 Sakharov Prize award ceremony. The invitation, delivered by Member of the European Parliament Michael Bloss at the COP29 climate conference, comes as Ibadoglu remains under house arrest and prohibited from leaving Azerbaijan.
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An operation at Istanbul Airport has revealed an incident that could strain diplomatic relations. Kahraman Shamil oglu Mammadov, alleged to be an Azerbaijani military attaché, was caught with 70 kilograms of gold. According to Turkish media, Despite Mammadov's claims that he is a diplomat, it is believed that the incident is related to gold smuggling.
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On a brisk November evening, the residents of Baku gathered along the waterfront of the Caspian Sea, stunned by what appeared to be the washed-up body of a colossal whale. At 16 meters long, the creature’s seemingly lifeless form and pungent odor left many convinced they were witnessing an ecological tragedy. By that night, however, the mysterious visitor had departed, loaded onto a cargo platform and whisked away to the airport.
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