Legal and financial support for economic reforms, reducing the number of business loans, eliminating traffic jams on the roads are the topics of today's media.
The newspaper "Azerbaijan" writes about economic refoms, their legal and financial bases. The author emphasizes that it is the creation of the legislative base and preparation of the financial mechanism that are two important elements of economic development. The article emphasizes that at present a powerful entrepreneurial sector has been created in the country, entrepreneurs can create their own business not only in the country, but also abroad.
In previous years, preferential loans amounting to 2.2 billion manats were allocated for the development of entrepreneurship. Last year, 160 million manat was allocated.
A serious breakthrough is the launch of a mechanism to promote investment. This program covers 333 projects, of which 107 were implemented in 2018.
The cost of projects implemented as part of the investment promotion program is 2.8 billion manat. One of the main targets of the ongoing reforms is the development of the non-oil sector, preference is given to the development of industrial parks.
The newspaper Yeni Musavat writes about a decrease in business and an increase in consumer loans. The expert notes that banks prefer consumer loans at high interest rates to business loans, thus trying to increase their income. 61.5% of the loan portfolio are business loans, and 38.5% are consumer loans. However, over the past month, consumer loans decreased by 2.4% and loans to businesses by 0.8%. There is no increase in lending to the real sector, which indicates the absence of an investment process in the country.
The Bizimyol.info website is discussing with expert Rovshan Agayev the issue of eliminating traffic jams in Baku. Officials and experts supporting their opinion believe that the cause of hours of traffic jams is a large number of cars. According to official statistics, there are no more than 250 cars per 1000 people. According to existing regulations, the availability of up to 300 cars is the norm. According to the standards of urban planning, in large cities for every 1000 people the presence of 3-4 taxis, up to 250 cars, up to 40 spacious cars is considered the norm.
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Variable cloudiness is expected in Baku and Apsheron peninsula on Sunday, 28 July.
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As part of the struggle against illegal migration in Baku city, operative actions were carried out at different addresses. The Interior Ministry reports that employees of the Department for Combating Illegal Migration identified and detained 34 foreigners without documents giving the right to reside and stay on the territory of Azerbaijan.
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On July 25, the Azerbaijani Ministry of Defense accused Armenia of "provoking" by deploying heavy weapons in Kalbajar and quadcopters in the Tovuz direction. The ministry also expressed dissatisfaction and concern over Armenia's military cooperation with Western countries.
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During the operation of the Main Drug Control Department of the Ministry of Internal Affairs, 5 members of an organized group engaged in drug trafficking were detained. All of them have previous convictions: Bahlul Ismayilov, Royal Aliyev, Khayal Aliyev, Samir Aghayev, and Ali Mammadli.
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