Azerbaijan-German relations, reduction of non-residents' deposits in Azerbaijani banks, increase in external debts of state-owned companies are the leading topics of today's press.
The newspaper "Azerbaijan" writes about the visit to the country of German Chancellor Angela Merkel on August 25. This visit creates opportunities for discussing the prospects for bilateral relations.
The author emphasizes Azerbaijan's leadership in the region, cites Merkel's speech three years ago, that with the dynamic development of the Azerbaijani economy, the importance of this country as a partner of Germany increases.
Further, the author speaks about the importance of major international projects with the participation of Azerbaijan for Europe as a whole.
The article notes that the trade turnover between the two countries is about 1 billion dollars. Last year Azerbaijan's share in the total trade volume of Germany with the countries of the South Caucasus was more than 60%.
The site "Bizim yol.info" writes that foreigners' deposits in the banks of Azerbaijan are decreasing. This issue is commented on by expert Parviz Heydarov.
He believes it is early to speak about the return of confidence to banks. Several foreign companies left the country, which also reduces confidence and reduces the contributions of foreigners in the country's banks.
The "Modern.az" website discusses why the external debt of Azerbaijan is growing. The reasons are explained by expert Gadir Ibrahimli. For April 1 of the current year, the debt was 9 billion 643 million dollars or 16 billion 393 million manats.
The expert asserts that, in relation to the volume of GDP produced in the country, external debt is not so great and there is no cause for concern. There are two reasons for the growth of debt. First, the state assumed the debts of Interbank, the second - the financing of the project "Southern Gas Corridor".
Anxiety creates an increase in external debts of state structures. "Azerbaijan Railways" has a debt of about $ 500 million, "Azerenerji" - about $ 1 billion, SOCAR - about $ 10 billion, and so on.
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On Sunday, December 22, changeable cloudy weather is expected in Baku and the Absheron Peninsula. Drizzle is possible during the night and morning in some areas of the peninsula. Moderate southwest winds will prevail. The air temperature will be 5-8°C at night and 9-11°C during the day, according to the National Hydrometeorological Service of the Ministry of Ecology.
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Baku, often called the "Caucasian Dubai," is increasingly known for systematic violations of residents' housing rights. During urban renovations and the construction of elegant new buildings, thousands of families in Azerbaijan’s capital have been unlawfully deprived of their homes. Many, recognizing the futility of resistance, settle for inadequate monetary compensation for their irreplaceable property. A minority, placing faith in the Housing Code, demand fair compensation from construction companies but often lose everything—both their homes and any form of recompense.
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Azerbaijani team prepares to compete in three prestigious international Olympiads The preparation of young programmers representing Azerbaijan in international Olympiads continues successfully. In collaboration with Azercell, the Ministry of Science and Education, and the Institute of Education, the latest “Informatics Camp” was held at the Baku Higher Oil School.
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Last night, three earthquakes occurred along the Armenia-Azerbaijan border with magnitudes of 4.8, 3.0, and 3.8, according to the Republican Center for Seismological Service of the National Academy of Sciences of Azerbaijan. The Ministry of Emergency Situations reported no information about any destruction or casualties as a result of the earthquakes.
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