Media Review October 25, 2019

The development of the private sector, discussion of the topic of accession to the WTO, and the need to continue reforms are topics of today's media.

The newspaper Azerbaijan writes that 85% of the country's economy is in the private sector. Over the 9 months of this year, growth in the non-oil sector was 3.5%, in agriculture - over 7%, and in the non-oil industry - over 15%. Enterprise development is also ensured through reforms.

The website Modern.az discusses the topic of Azerbaijan’s entry into the WTO, which is necessary for the effectiveness of reforms. For 22 years - since 1997, negotiations have been ongoing on Azerbaijan’s entry into the WTO.

Membership in this structure will provide Azerbaijan with access to new markets and attract investment in the country.

The website Redaktor.az cites MP Vahid Ahmedov’s reasoning about reforms against the backdrop of recent structural and personnel changes. The MP praised the accession of the State Property Committee to the Ministry of Economy. The State Property Committee has already implemented the main work on privatization. It is likely that the turn is for the privatization of large companies, so this structure should be combined.

The MP also proposed combining the Central Bank, the Oil Fund, and the Financial Market Supervision Authority into a single structure.