Preparation for the birthday of former President Heydar Aliyev, the situation in the non-oil and banking sectors of the country are the leading topics of today's press.
The newspaper "Azerbaijan" - in connection with the forthcoming birthday of former President Heydar Aliyev the newspaper assesses his activities, making a digression into the history. The author calls him one of the strongest politicians in the world. The articles says that Ilham Aliyev is the continuer of Heydar Aliyev policy, and presents the digital data of economic growth of the country.
The newspaper "Echo" writes that Azerbaijan is still waiting for a significant growth of the non-oil sector. Azerbaijan, which proclaimed a course on the development of the non-oil sector and the abandonment of raw dependence, continues to move in this direction in 2018 as well. Of course, it's impossible to change the situation in a few years, but we achieved certain successes unequivocally. The main emphasis of the government is on the development of tourism, as well as the agrarian sector. Our growth will be achieved through the export of not only agricultural products, but also the export of building materials and cement, and soon the Sumgait technopark, which is also export-oriented, will work.
The Novoye Vremya newspaper writes that the banking system of Azerbaijan continues to vegetate in a crisis. A few days ago, many banks reported a reduction in interest rates on deposits. Naturally, this is mainly done to earn and improve its capitalization. However, the immediate financial benefits of a number of bankers will have a detrimental effect on the banking system as a whole. The total net loss of banks in Azerbaijan as of April 1, 2018 was 55.9 million manat.
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On December 24, no precipitation is expected in the capital. Foggy conditions may occur in some areas in the morning and evening. A southwest wind will shift to the northwest in the evening.
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Azerbaijan's Ministry of Ecology and Natural Resources (MENR) has reported large-scale efforts to restore forests across the country, planting tens of thousands of saplings to expand forested areas. However, critics claim that the ministry simultaneously facilitates deforestation by leasing land to private companies.
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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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