Media Review - February 15, 2019

The newspaper Azerbaijan writes about the impact of industrial development on the regions. The author also emphasizes the role of the three completed state programs to ensure the socio-economic development of regions. Special attention is also paid to the development of the non-oil sector, where the growth of the non-oil industry was 9.1%.

The author mentions industrial parks in Sumgayit, Mingechevir, Ganja, Neftchala, Hajigabul, Sabirabad, and Masalli. In the future their number will increase.

The Yeni Musavat newspaper writes about the reasons for delaying the process of opening exchange offices, discussing this issue with expert Rashad Hasanov. The article reminds that the Parliament adopted the draft law "On Amendments to the Law on Currency Regulation". It provides for the simplification of issuing licenses for the activities of exchange offices. To open exchange points 50 thousand manat is required, which is the main factor inhibiting the process of opening exchangers. In addition, the profit rate in this sector has become very low, which also negatively affects the opening of exchangers.

The newspaper Novoye Vremya publishes an article about the rise in prices, which in many respects is artificial, because there are no economic reasons for this.

Prices are rising, unwinding the inflation spiral, and the anti-inflation policy of the Central Bank and the Cabinet of Ministers is defeated. Prices for consumer goods and tariffs of services in Baku in December 2018 increased by 0.6% compared with November. In the reporting month, foodstuffs, drinks and tobacco products went up by 1.2%, non-foodstuffs - by 0.2%, and services - by 0.1%. ---0------

Leave a review

Social

Follow us on social networks

News Line