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Expert explains benefits of Azerbaijan restoring liberated Aghdam district

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Azerbaijan will rapidly restore the liberated Aghdam district, which will greatly benefit the development of the whole country’s economy, historian, employee of Russian St. Petersburg State University, a native of Aghdam Niyazi Niyazov told Trend.

“It’s known that back in Soviet times, Aghdam was one of the key districts of Azerbaijan in economic terms. Its total population exceeded that one of the entire Nagorno-Karabakh region. Owing to the factor alone the resources of Aghdam gave great advantages to the economy of the country,” Niyazov said.

“Today Aghdam is destroyed, but its restoration promises huge advantages for the Azerbaijani economy. The restoration and construction work will be an impetus for the development of large-scale industries, primarily related to the construction and service sectors, and all the factors will undoubtedly not only contribute to the speedy restoration of Aghdam, but will also give great benefits to the development of the economy of the whole of Azerbaijan," he noted.

According to the expert, from the point of view of ensuring the region’s security, the possession of Aghdam means restoration of almost complete control over the Nagorno-Karabakh and the entire Plain Karabakh regions by Azerbaijan.

"Thanks to the railways and highways passing through it, Aghdam being the center of Karabakh, will play a key role in the further development of the region. Strengthening of Aghdam will demonstrate to the entire population of Karabakh, including its highland area, that the economic and political possibilities of Azerbaijan are enormous," he pointed out.

“The initial task is to demine the district’s territory, neutralize all items, dangerous for life, left by the Armenian occupiers,” Niyazov stressed speaking about the stages of the Aghdam district’s restoration. "The next stage is the restoration of communication lines, railway transport, electricity supply, and building an effective infrastructure. It would be advisable to think in advance about eliminating the mistakes in the past urban planning processes associated with Aghdam, for example, to establish effective urban systems of treatment facilities."

As the expert further noted, most of the internally displaced persons from Aghdam and their descendants want to return to their native land.

“First it’s necessary to create conditions for their involvement in construction work. Then the role of the state will be to create necessary infrastructure for the successful life of people – we are talking about such areas as the education system, health care, etc. These areas should be built according to new standards.

"There is a big, difficult and responsible work ahead, but I’m convinced that Azerbaijan, Aghdam residents, as well as residents of all other Azerbaijani territories liberated from the occupation will cope with the tasks," he added.

As a native of Aghdam, Niyazov stated his gratitude to the leadership of Azerbaijan for liberation of the district.

Following over a month of military action to liberate its territories from Armenian occupation, Azerbaijan has pushed Armenia to sign the surrender document. A joint statement on the matter was made by Azerbaijani president, Armenia's PM and the president of Russia.

A complete ceasefire and a cessation of all hostilities in the zone of the Nagorno-Karabakh conflict were introduced at 00:00 hours (Moscow time) on 10 November 2020.

Armenian Armed Forces launched a large-scale military attack on positions of Azerbaijani army on the front line, using large-caliber weapons, mortars and artillery on Sept. 27. Azerbaijan responded with a counter-offensive along the entire front.

Back in July 2020, Armenian Armed Forces violated the ceasefire in the direction of Azerbaijan's Tovuz district. As a result of Azerbaijan's retaliation, the opposing forces were silenced. The fighting continued the following days as well. Azerbaijan lost a number of military personnel members, who died fighting off the attacks of the Armenian Armed Forces.

The conflict between the two South Caucasus countries began in 1988 when Armenia made territorial claims against Azerbaijan. As a result of the ensuing war, Armenian Armed Forces occupied 20 percent of Azerbaijan, including the Nagorno-Karabakh region and seven surrounding districts. The 1994 ceasefire agreement was followed by peace negotiations.

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Turkey to continue providing all kinds of assistance to Azerbaijan – Hulusi Akar

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Turkey continues to cooperate with Azerbaijan in the field of military education and training, Turkish Minister of National Defense Hulusi Akar said, Trend reports.

He noted that Turkey will continue to provide all kinds of assistance to Azerbaijan.

"We will be next to our Azerbaijani brothers to the end in a just struggle, let no one doubt this," said Akar.

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Azerbaijani Finance Ministry auctions state medium-term bonds

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The Baku Stock Exchange (BSE) hosted an auction on placement of state medium-term bonds of the Azerbaijan Finance Ministry for a total of 10 million manat ($5.8 million) on Dec.1, 2020, Trend reports with reference to the stock exchange.

The circulation term is 728 days.

During the auction, 9 investors submitted 12 bids in the price range from 97.93 manat ($57.61) with a yield to maturity (YTM) of 8 percent to 100.46 manat ($59.09) with the YTM of 6.6 percent per bond.

According to the decision of the Finance Ministry, the cut-off price of bonds amounted to 100 manat ($58.8) with the YTM of 6.85 percent, and the weighted average price was 100.31 manat ($59.01) with the YTM of 6.68 percent.

The total amount of orders at nominal prices amounted to nearly 42.1 million manat ($24.76 million), and the placement volume – 6.978 million manat ($4.1 million).

Maturity date of the bonds is November 21, 2023.

Bidders must fulfill their obligations to acquire the bonds till Nov.29, 2022.

If during the auction the demand for government bonds exceeds the supply and the price is satisfied by the issuer, the volume of bonds offered by the issuer may be increased up to 50 percent.

Auction participants must fulfill their obligations to purchase bonds by December 2, 2020.

(1 USD = 1.7 AZN on Dec.1)

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Changeable cloudy weather expected in Baku

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By Laman Ismayilova

Changeable cloudy weather is expected in Baku on December 3. Light fog, drizzle will be observed in some places.

The temperature on the Absheron peninsula will be +4-7 °C at night, +10-12 °C in the daytime, the Ecology and Natural Resources Ministry reported.

In Baku, the temperature will be +5-7 °C at night, +10-12 °C in the daytime.

Atmospheric pressure will be 773 mm Hg. Relative humidity will be 70-80 percent at night and 50-55 percent in the daytime.

On December 3, the weather will be mostly rainless in the regions. However, rainy weather is expected in some eastern regions. Fog predicted in some areas. East wind will blow.

The temperature will be +2-6 °C at night, +8-12 °C in the daytime. In the mountains, the temperature will be -3 and -8 °C at night, -2 and +3 °C in the daytime.

On December 3, mild fluctuations of meteorological factors are expected in the Absheron Peninsula, which is mainly favorable for weather-sensitive people.

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