Media Review January 8, 2019

The success of the country's economy, the period of receipt of pensions, the increase in excise taxes and their impact on the market are the topics of today's media.

The newspaper Azerbaijan writes about the development of the economy, calling the year 2018 successful in the socio-political and socio-economic life of the country.

All these successes, the head of state noted, became possible as a result of a strong economy. The author cites the data of the World Bank"s Doing Business program, according to which Azerbaijan ranks 25th in the world.

Last year, about 10 billion dollars were invested in the economy of the country, during the year exports increased by about 40%.

The website Novator.az wonders - for how many years do Azerbaijanis receive a pension? Economist expert Gubad Ibadoglu cites the example of Belarus, where life expectancy is 74 years, and the pension period is 14 years and this is the highest figure in the CIS.

In Azerbaijan, the average life expectancy is 71 years, and the expected pension period is 7.5 years. Only in Tajikistan, where life expectancy is 70 years, the expected retirement period is 7 years.

If to compare with foreign countries, in Switzerland the pension period is 18 years, in Japan - 17 years, and in France - 16 years.

The economist claims that in Azerbaijan by 2021, the retirement age for men will reach 65 years.

According to the expert, in the country, 30.72% of the population dies before reaching 60 years of age. That is, every second of five people dies before reaching retirement age. It is expected that in Azerbaijan in 2019, the average pension will be 240 manat or $ 141.

The website Oxu.az writes about the increase in excise tax on car imports. Prices for cars began to rise at the end of 2018. Currently, the increase in the market is about 10%.

It is expected that in 2019, car imports will decline sharply, since from January 1, the excise tax increased by 50%.--0--