![Media Review for February 25, 2020](https://turan.az/resized/media/2020/main/022500024967-750-500-resize.webp)
Media Review for February 25, 2020
The development of the financial and banking sector of the country, price increases, and the impact of restrictions on Azerbaijani-Iranian customs on the economy are the topics of today's media.
The newspaper Azerbaijan writes about the development of the financial and banking sector of the country. The author believes that the reforms carried out over the past three years have given new breath to this sector.
Net profit of the banking sector doubled over the past year, while lending in dollars decreased from 38 to 35%, and in deposits of individuals - from 63 to 54%.
A state registry of movable property has been created in the country to lower interest rates and create a healthier credit ecosystem. This makes it possible for non-real estate entrepreneurs to obtain loans secured by available funds in circulation.
Over the past 3 years, the share of deposits in banking resources has increased, which indicates a high dependence of banks on deposits.
The website Azadliq.info writes about the absurdity of the claim that the country's population lives well. Expert Neymat Aliyev claims that prices in the consumer market have increased by almost 12%, and authorities say that the price increase is 2.6%.
One reason for the rise in price is growing imports. In 2019, imports increased by 19.2% or $ 2.2 billion. Imported goods enter the country's market, having risen in price by 25.7%.
Yeniavaz.com discusses how Azerbaijan will be affected by closure of borders with Iran due to corona virus. The author believes that this factor will not affect Azerbaijan in any way, because Iran is not the main trading partner.
In 2019, Azerbaijan imported goods worth $ 452.7 thousand from Iran, and products worth $ 41.1 million were exported to Iran.
In 2019, 54,197.3 tons of potatoes were imported from Iran to Azerbaijan, which is only 5.4% of the potatoes produced in Azerbaijan.
Social
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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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Weather will be changeable in Baku on July 27. It will rain in places on Absheron. Wind is north-western, gusty. Air temperature during the day will be +28+32. Daytime humidity is 70-75%.
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People's Artist Agadadash Agayev has been charged with hooliganism with the use of weapons, Article 221.3 of the Criminal Code of Azerbaijan. A similar charge was brought against the guard of the clinic where the incident occurred.
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