Moderator.az discusses the issue of reducing credit interest, since too high interest causes serious dissatisfaction. Most of all this issue in Milli Majlis is raised by MP Ali Masimli. According to him, the interest is simply predatory, and it will reduce the activity of banks, which makes loans unavailable, or seriously hinders their repayment.
It also hits the real economy and the banks themselves.
The website musavat.com writes that clients of closed banks cannot receive information on compensation. Experts believe that the Deposit Insurance Fund is not interested in providing information, and the Financial Market Supervision Authority (FIMSA) promises that all information will be made public on the Internet before April 15.
Damirbank"s clients complain the most. Experts believe the information should be prepared and placed by the bank"s liquidator, that is, the Deposit Insurance Fund. However, this structure does not carry out any work, because it is not interested in the rapid completion of the process.
All over the world, liquidators are chosen by creditors, but this is not the case in Azerbaijan.
In the presidential decree there are specified dates and the Fund is obliged to hand over the data to the FIMSA by a certain time.
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Variable cloudiness is expected in Baku and Apsheron peninsula on Sunday, 28 July.
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As part of the struggle against illegal migration in Baku city, operative actions were carried out at different addresses. The Interior Ministry reports that employees of the Department for Combating Illegal Migration identified and detained 34 foreigners without documents giving the right to reside and stay on the territory of Azerbaijan.
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On July 25, the Azerbaijani Ministry of Defense accused Armenia of "provoking" by deploying heavy weapons in Kalbajar and quadcopters in the Tovuz direction. The ministry also expressed dissatisfaction and concern over Armenia's military cooperation with Western countries.
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During the operation of the Main Drug Control Department of the Ministry of Internal Affairs, 5 members of an organized group engaged in drug trafficking were detained. All of them have previous convictions: Bahlul Ismayilov, Royal Aliyev, Khayal Aliyev, Samir Aghayev, and Ali Mammadli.
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