Media Review - October 4, 2018

The reasons for the growth of export operations in Azerbaijan, the negative and positive aspects of the growth of the monetary base, and the work of the insurance system in connection with transport accidents are the leading topics of today's media.

The newspaper Azerbaijan writes about the growth of exports, so for 8 months of this year, products worth 682 million 850 thousand manats were exported to the CIS countries.

At the same time, products worth $ 1 billion 710 million were imported to Azerbaijan.

For 8 months, European countries exported products worth 7 billion 57 million dollars, which is 3 billion more compared to the same period in 2017.

For 8 months of this year, products worth $ 1 billion 529 million were imported to Azerbaijan.

The brand Made in Azerbaijan is well known in Italy, Turkey, Israel, the author claims. One of the main trading partners of Azerbaijan is the United States, for 6 months the trade turnover between the countries amounted to 476.1 million dollars. There are 240 US companies operating in Azerbaijan,and the US has invested more than 13 million dollars in Azerbaijan.

The newspaper Novoye Vremya writes about the pros and cons of increasing the monetary base, which as of October 1, 2018 amounted to 8,871.5 million AZN, which is 553.5 million AZN or 6.65% more than the figure for September 1.

The growth of the monetary base sometimes leads to an increase in production, which we do not observe in our country. The growth of the money supply also leads to a decrease in the interest rate by the Central Bank, but even this does not happen here.

The website Modern.az writes about the operation of the insurance system in cases of accidents. Expert Khayal Mammadkhanly claims that, according to the law, a company that entered into a compulsory insurance agreement with bus number 160, which committed a serious accident in the village of Bina, must pay compensation to the families of those killed during the accident in the amount of 5,000 manats. Compensation must also be paid to the people injured in the accident.

According to him, within three years after the accident, in determining disability, insurance companies must also pay a certain insurance. -0----