Press Review for September 29, 2018
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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For more than three decades, the Turan News Agency has been a pillar of independent journalism in Azerbaijan, providing objective and reliable reporting amid political and economic instability. Founded in 1990, in the final days of the Soviet Union, we have endured the challenges of transition, war, and reform while remaining committed to journalism that serves the public interest.
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It will be cloudy and rainy in Baku and Absheron on 14 February. Wind will be north-west, gusty. Air temperature at night +2+4, during the day + 5+7. Humidity 75-85%.
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At the "Julfa" customs post of the Nakhchivan customs, during an inspection of a truck from Iran that was transiting to Türkiye, 101.4 kg of methamphetamine was found in the fuel tank and heating system tank.
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This year, 22,000 foreign language teachers and an additional 4,000 teachers who were unable to pass certification last year will be involved in the certification process, the director of the state agency for preschool and general education, Eshgi Bagirov, announced on February 12. According to him, of the 65,000 teachers involved in the certification, 55,000 passed successfully and received salary supplements. At the same time, employment contracts were terminated with 5,000 teachers who did not pass the certification.
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