The economic successes of Azerbaijan, the position of the International Bank, and the situation with the General Plan of Baku are the themes of today's media.
The newspaper Azerbaijan writes about the economic successes of the country, which are also highly appreciated by international financial and rating organizations.
The author notes that capitalization is the main condition ensuring economic development. Within 15 years, foreign capital was invested in all spheres of the economy.
Between 2003 and 2017, 236 billion dollars was invested in the economy, of which 50% - 118 billion dollars was foreign investments.
The international financial and rating agencies give a positive outlook on the economy of Azerbaijan. In particular, in the Global Competition Report of the World Economic Forum for 2017-2018, Azerbaijan ranked 35th, leading the CIS space.
The Yeni Musavat newspaper writes the International Bank"s (IBA) shares are sold below the value. The bank expert Akram Hasanov believes the recovery of IBA and its role in the country's banking system is important. Otherwise, the crisis can comprehend the entire banking system, and the credibility of local and foreign investors may fall.
Formally, the bank completed the year 2017 with a profit of 800 million manats, but shares of the bank are sold below their nominal value.
The website Modern.az asks the question why the architectural work should be supervised by the Ministry of Emergency Situations.
We are talking about the preparation of the General Plan of Baku and the processes around it. In 2018, the President signed an order to allocate 4 million manats from the Reserve Fund to the Urban Development and Architecture Committee. Three companies were commissioned to prepare the General Plan of Baku. At the first stage they were to familiarize themselves with all the documents on the building of the capital to this day.
The expert Feyzullah Guliyev said the regional plan for the development of Greater Baku is ready. Earlier it included Khirdalan and Sumgait, and now it also includes Alat, the expert notes. The project is currently at the examination stage.
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