Media Review July 29, 2019

The significance of presidential decrees related to social well-being, the situation in the banking system of the country, and the deputy"s proposals to the government are the topics of today's media.

The newspaper Azerbaijan writes about the significance of the decrees of the head of state on improving the social welfare of citizens. It is about raising the minimum wage and the minimum pension, as well as the salaries of teachers.

To meet all payments, 780 million AZN should be allocated from the state budget.

The second social package will require 2.5 billion manat and will cover 5 million citizens of the country.

The website Yeni Sabah.az writes about the situation in banks, discussing this topic with the economist Natig Jafarli.

The problems with the International Bank of Azerbaijan have not been settled yet, and the interest rates for loans are too high, which is one of the reasons for the existence of problem loans.

Payment of compensation for problem loans to citizens has become a major support for banks, which have been written off about 1 billion manat.

As for high interest rates, after some time they will re-actualize the topic of loans.

The newspaper Yeni Musavat writes about the proposals of the deputy Ali Masimli called Three Factors, which is based on three principles: human capital - wealth - integration.

In the article, Masimli sets out the essence of these proposals. According to him, over 15 years, more than 100 thousand enterprises have been created, and if at least 1% of the enterprises were export-oriented, this would bring large revenues to the country.