Media Review December 6, 2018

The value of the brand "Made in Azerbaijan", banks - targets of cybercrime, and the elimination of simplified tax benefits are the topics of today's media.

The Azerbaijan newspaper writes that export of goods to the world markets under the brand "Made in Azerbaijan" is expanding. This is facilitated by the fact that in several countries such as Belarus, Ukraine, Latvia and China Azerbaijan Trade Houses are already open.

Next year, the Trade House will be opened in the UAE, China (second), Kazakhstan and Russia. Today it is expected to open a trading house in Warsaw, the author writes.

The newspaper Yeni Musavat writes about the growth of cybercrime against the country's banks. Citizen accounts are at serious risk. One of the detainees on such charges, Saddam Nazarli, said he had withdrawn 85,000 manat from more than 100 clients" cards.

Expert Akram Hasanli believes this is due to the financial crisis and the fact that banks do not allocate money to fight cybercrime.

Abroad, banks buy special programs that will be subsequently improved.

The website Modern.az discusses the topic of why tax exemptions have been eliminated in the regions. Expert Rovshan Agayev reminds that in the regions the simplified tax rate was 2% less than in Baku. From 2019, the simplified tax rate in the regions will be equal to the Baku tax rate and will be twice as high.

In the regions, there is no development, the share of regions in national income is 25%, the share in exports is 3-5%, and the share in the state budget is 4-5%. The expert believes the lag of the regions in development is due to the wrong tax policy. -0---