"The offshore tax, customs and business environment is more liberal, there is more privacy, and free exchange rate regime. Entrepreneurs in these areas do not pay taxes. Therefore, governments usually oppose their businesses investing in these areas. Often, however, members of the government and heads of state are among those whose capitals are funneling into offshore," Gubal Ibadoglu, the head of the Center for Economic Research said in an interview with Turan, commenting on the research of the international journalism coalition, into the offshore business of the Ilham Aliyev family.
In his view, the offshore investment of the Aliyevs is an indication of lack of confidence in the tax, customs and banking system of Azerbaijan.
"Apparently, the President does not see a prosperous political and economic future for the country he controls. Otherwise, members of his family would put money into the economy of their own country," said Ibadoglu. -03C06-
Politics
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The Ministry of Foreign Affairs of Moldova has decided to unilaterally terminate the Moldovan-Russian agreement from 1998 on the creation and operation of cultural centers.
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By the order of the head of state, Rufat Mahmud has been appointed the new head of the historical and architectural reserve "Icheri Sheher" – the historic center of Baku.
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On February 13, the Appeal Court did not satisfy the defense's appeal against the decision of the Khatai Court regarding the arrest of journalist Shahnaz Beylargizi. According to the lawyer, the journalist herself did not participate in the trial due to poor health. The defense intends to submit a petition to replace the arrest with house arrest.
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Azerbaijan will limit 'Sputnik Azerbaijan' and 'BBC News Azərbaycanca' editorial offices. This was reported by the country's pro-government media on 13 February, citing an informed source.
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