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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The International Coalition for Democratic Renewal (ICDR) and Forum 2000 Foundation expressed grave concerns over the escalating repression of civil society in Azerbaijan, issuing a joint statement. The groups highlighted the government's intensified crackdown on lawyers, journalists, activists, and human rights defenders, painting a stark picture of a country where dissenting voices are systematically silenced.
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The Times Higher Education (THE), a leading international organization with an audience of 60 million and ranked among the world's top 100 networks in the field of education and skills assessment, has published a comprehensive article titled “Calls for the Release of Azerbaijani Scholar as Climate Summit Begins.” THE, known for its annual ranking of world universities, notes that while a major fossil fuel producer hosts a gathering of global leaders, it is cracking down on dissenters. Human rights groups are urging the Azerbaijani government, which is hosting the COP29 climate conference, to release a scholar detained after criticizing fossil fuel policies.
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On Thursday, overcast weather is expected in the capital will be overcast, with light rain possible in the morning. There will be a moderate southeast wind. The temperature at night will be between +8 and +10°C, and during the day, it will range from +12 to +15°C. Humidity will be 65-75% both at night and during the day. Precipitation will occur in the eastern part of the country. There may be fog in some areas, with a moderate east wind.
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On November 12, the summit of world leaders commenced at the 29th session of the Conference of the Parties (COP29) of the United Nations Framework Convention on Climate Change (UNFCCC) in Baku. According to "Euronews," citing sources from the UN, the event is attended by around 100 heads of state.
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