Media Review October 21, 2019

The main requirement for entrepreneurs, possible risks for the country, and the lessons learned from the October 15 meeting are the topics of today's media.

The newspaper Azerbaijan writes about the requirements for entrepreneurs to pay taxes in a timely manner and in full. This was stated by the head of state at a meeting on October 15.

It was noted that over 9 months the budget received over 700 million manat additionally. However, there still remain such companies that have not paid taxes in full, and there are facts of evasion and black bookkeeping. This damages the tax system, leads to concealment of income, and deprives state projects of financing.

The website Marja.az writes about the possible risks for Azerbaijan in the event of a fall in oil prices to $ 40 per barrel. The article says that in 2020 state financing may face fiscal risks due to a number of internal and external factors. This is mainly the price of oil, a decrease in the economic activity of trading partners, the financial and banking system, and the financial situation of large state enterprises.

52.7% of the consolidated budget is formed by the oil revenues account. If the oil price drops to $ 40, the consolidated budget revenues will decrease by 16.6% compared with the forecasted ones.

The website Azpolitika.info writes about the state of the negotiation process on Karabakh. Former Foreign Minister Tofig Zulfugarov believes that within the country's political elite, groups compete with each other.

He considers changes in the ruling team the demand of time. The new generation should bring fresh ideas and new thinking to the management system.