Creation of the first republic in the East and a look at oil prices are the leading topics of today's press
The newspaper Azerbaijan writes about the history of the creation of the first Muslim republic in the East in connection with the 100th anniversary of the Azerbaijan People"s Republic (APR). The author makes a historical excursus. Whereas Azerbaijan entered the tsarist Russia in the form of separate khanates, then it came out of its composition as a single state in 1918. The population of the then country was about 8 million people, 50% of whom were Azerbaijanis, and the remaining 50% were settlers.
The newspaper Novoye Vremya published an article entitled Mind Must Prevail over Greed. We are talking about oil prices and the profitability of oil, and the dependence of the economy on the oil factor, which was confirmed by the rating agency Moody's.
Azerbaijan still strongly depends on oil exports. The oil and gas sector accounts for over 70% of industrial production, 90% of exports and about 60% of government revenues. In the matter of developing non-oil sectors of the economy, the country is marking time.
The Yeni Musavat newspaper writes that banks are the primary problem of the economy. The lack of the banks' ability to issue loans is due to the lack of liquidity opportunities. Banks are currently engaged in self-insurance. The activity of attracting deposits and putting them into circulation is equal to zero. To exit the situation, first of all, it is necessary to solve the problem with problem loans, experts say. -0 ----
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The COP29 conference concluded in Baku, leaving behind a trail of controversy and criticism. Renowned historian Jamil Hasanli characterized the event as a vivid reflection of governance problems in Azerbaijan under President Ilham Aliyev. Hasanli, a staunch critic of the administration, described COP29 as an expensive spectacle that exposed systemic failures and intensified international scrutiny of Azerbaijan's political and economic structures.
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President of the European Parliament Roberta Metsola has invited Azerbaijani economist and political prisoner Professor Gubad Ibadoglu to Strasbourg to attend the 2024 Sakharov Prize award ceremony. The invitation, delivered by Member of the European Parliament Michael Bloss at the COP29 climate conference, comes as Ibadoglu remains under house arrest and prohibited from leaving Azerbaijan.
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An operation at Istanbul Airport has revealed an incident that could strain diplomatic relations. Kahraman Shamil oglu Mammadov, alleged to be an Azerbaijani military attaché, was caught with 70 kilograms of gold. According to Turkish media, Despite Mammadov's claims that he is a diplomat, it is believed that the incident is related to gold smuggling.
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On a brisk November evening, the residents of Baku gathered along the waterfront of the Caspian Sea, stunned by what appeared to be the washed-up body of a colossal whale. At 16 meters long, the creature’s seemingly lifeless form and pungent odor left many convinced they were witnessing an ecological tragedy. By that night, however, the mysterious visitor had departed, loaded onto a cargo platform and whisked away to the airport.
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