Acceleration of industrial development, possible impact on the manat in the transition of foreign trade operations to the national currency, and financial indicators of the banking system are the leading topics of today's press.
The newspaper Azerbaijan writes about the acceleration of the country's industrial growth, which is one of the results of the reforms. In support the author quotes Ilham Aliyev at his inauguration - "only a country with a strong economy can pursue an independent policy."
Further the author gives statistical data and reports on industrial parks in the country.
The Yeni Musavat newspaper talks about what will happen to the manat if the neighboring countries switch to the national currency in trade operations. The refusal of USD is suggested more and more often in the neighboring countries, and there are such proposals in Azerbaijan. In particular, if we are talking about Iran and Turkey, then there is no danger, since Azerbaijan has a negative trade balance with both of them.
The website Marja.az tells about the problems of Mugan Bank, evaluating the bank"s performance. The bank completed the first quarter of 2018 with a loss of 1 million 824 thousand manat. The author gives detailed digital data on the bank, as well as a drop in its lending.
So, as of March 1, 2018, the loans to customers amounted to 342 million 613 thousand manat, while at the end of 2017 this amount was 349 million 71 thousand manat. -0--
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An online meeting of civil society activists focused on the human rights situation in Azerbaijan, convened on the initiative of the Justice Solidarity Committee, highlighted significant concerns over the detention of journalists, political activists, and opponents of the war. The gathering, held on August 30, coincided with the International Day of Remembrance of the Missing and underscored the ongoing challenges facing both Azerbaijani and Armenian societies in the wake of the Karabakh conflicts.
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No precipitation is expected in Baku and on the Absheron Peninsula; the northwestern wind will change to a southeastern wind during the day. Air temperatures will range from 21-26°C at night and 33-38°C during the day, according to the National Hydrometeorology Service of the Ministry of Ecology.
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A fire has erupted at the Experimental and Testing Production of the Scientific Research Institute of SOCAR (the state oil company) in the Surakhani district of Baku, the Ministry of Emergency Situations reported. "Thanks to the urgent and necessary measures taken by the Ministry of Emergency Situations, the spread of the fire to neighboring areas, including nearby residential buildings, has been prevented," the statement reads. Efforts to extinguish the fire are still ongoing.
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In September, the average monthly air temperature in Azerbaijan is expected to be close to the climatic norm. Precipitation levels will also be near the norm, but in some areas, they will exceed it, according to the September forecast from the National Hydrometeorological Service.
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