Media Review November 20, 2018

The Azerbaijan-Belarus relations, problem loans and a look of an expert and a banker at the question are the leading topics of today's media.

The Azerbaijan newspaper writes about Azerbaijani-Belarusian relations amid the visit of President Ilham Aliyev to Belarus on November 19, which ended on November 19.

Over the past 12 years, Aliyev visited Belarus 5 times, and Lukashenko visited Azerbaijan 4 times. 110 important partnership documents were signed between the countries, another 8 documents were signed during the visit that ended yesterday.

Over the past 10 months, trade between the two countries increased 3.5 times, reaching $ 331.5 million.

About 70 Belarusian companies operate in Azerbaijan, and 59 companies with Azerbaijani capital operate in Belarus.

The website Moderator.az writes about problem loans and ways to solve them. The author cites expert Akram Hasanov"s comments, reminding that the Georgian government wrote off a debt of 600 thousand people who were unable to repay the loan.

The expert believes that such steps should also be taken in Azerbaijan. The expert recalled that more than one million people have problem loans in Azerbaijan.

As for the mechanism of writing off debts, there are two options here - the state itself pays the bank for problem loans. Second, the state writes off loans only to those who do not have solvency.

The expert also refers to the legislation of Azerbaijan, which states that an obligation that cannot be fulfilled is canceled.

The website Marja.az discusses the issue of problem loans with the Chairman of the Board of AG Bank Afgan Jalilov. As the reasons for the collection of problem loans from citizens, he cited the gaps in the law, as well as the actions of lawyers obstructing the collection of these funds. The bank for several years after the devaluation has suspended the issuance of loans, sending its main activity the return of problem loans. The banker notes that the country's legislation allows the extension of the period for the return of any loan.

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