Media Review for January 14, 2020

The closing speech of the head of state at the meeting, the possibility of fines for real estate, reliable protection of gold and currency reserves are the topics of today's media.

The newspaper Azerbaijan pays attention to the speech of the head of state at a meeting on January 13 following the results of 2019. Ilham Aliyev gave numerous indicators on which Azerbaijan is ahead of Armenia in all respects.

As for foreign exchange reserves, in Azerbaijan they amount to 51 billion dollars, and in Armenia - 2 billion dollars.

The website Moderator.az discusses the topic of home insurance and possible fines. Experts say the illegality of fines and the lack of a legal mechanism for this. Penalizing anyone without an appropriate Cabinet decision is unrealistic.

As you know, in Baku, the cost of compulsory insurance of privatized housing is 50 manat per year. In other cities and regions of the country - 40.30 manat. In the absence of insurance, individuals will be fined 30 manat.

The website Ovqat.com discusses the reliability and safety of the assets of the Oil Fund. According to last year, the Fund stores at least $ 44 billion.

5% of them are stored in gold, 5% - in real estate, the remaining 90% - in foreign banks in various currencies and in international financial institutions.

However, there is a danger of financial sanctions and seizure of finances. In the article, experts discuss how many and in which financial institutions the country's currency reserves are stored.