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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Lena Schilling, a Member of the European Parliament from the Green Party, has announced plans to donate every sixth monthly salary, equivalent to €10,000 gross, to support green initiatives and activists. About €3,000 will go to the Green Citizens’ Initiative Association, supported by members of the outgoing ruling party, while the remaining €7,000 will be used to support activists every six months, Schilling’s spokeswoman told the Austria Presse-Agentur (APA) on Monday.
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Coast Guard forces intercepted a large shipment of drugs being delivered to Azerbaijan, the State Border Service reported on October 8. In the area near the village of Niyazabad in the Khachmaz region, border guards discovered over 205 kg of various types of narcotic substances and 13,110 tablets of methadone M-40, according to the report. Additionally, three Azerbaijani citizens suspected of supplying drugs to the country were detained on the coastal territory. Operational-investigative measures regarding the case are ongoing.
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On Wednesday, the weather in the capital will be changeable, with some precipitation possible during the night and morning. The wind will be from the northwest. The air temperature at night will be +15 to +19 degrees Celsius, and during the day, it will reach +22 to +26 degrees. Humidity at night will be 70-75%, and during the day, 50-55%.
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The discussion about the issues raised during the visit of Sergey Naryshkin, Director of Russia’s Foreign Intelligence Service (SVR), to Baku on October 2-3 is still ongoing in Azerbaijan.
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