Press Review 02/08/2016

The official newspaper Azerbaijan has published an article on the economic success of the country, the construction of the army, about the development of various regions and the role of Ilham Aliyev in all this.

The author believes that Azerbaijan develops like Malaysia, Singapore and South Korea, regarding the development of the country's non-oil sector and agriculture.

The author also claims that President Ilham Aliyev meets his commitments to the people and is a worthy President of every Azerbaijani.

Echo has published an article about the rise in price of bread and brings the views of experts, who believe there is no reason for the increase in bread prices because grain prices have not increased. It seems bread becomes more expensive due to the increase in electricity tariffs. The expert Nariman Agayev believes bread is a strategic product, so the prices for it should not be allowed to soar. Azerbaijan has been left by 2-2.5 million people, so 700 thousand tons of grain can fully satisfy the needs of the population.

The Chairman of the Association of Free Consumers Eyyub Huseynov says 36 items of goods increased in price, but the official agencies do not pay attention to it. The expert believes the state does not regulate the price of bread, so the bakers are free to choose the price.

Azadlig writes about the marriage of Seymour Hazy and Nigar Yagublu, which was supposed to be held in prison. However ASAN Khidmet created problems for the lovers.

The latest statistics show that the number of people getting married has reduced. There were 68,773 couples registered in 2015. Over the past 6 years, it was the lowest level. The number of marriages has decreased because of the wrong policies of the authorities. However, according to the author, Seymour and Nigar will endure these difficulties.

Novoye Vremya has published an article entitled Regulator Losing Money. The volume of foreign exchange reserves of the Central Bank as of July 29, 2016 amounted to 4 billion 162.9 million US dollars, which is 51% less than in the same period last year.

Economic recovery can only be achieved as a result of the concerted actions of the Cabinet, the agencies responsible for the stabilization of the financial market, the Central Bank and the entire banking sector. Concerted action means the implementation of economic reforms, the correction of the current policy of the Cabinet of Ministers, the transition of the economy to the market "rails", and most importantly - the publication of the anti-crisis program of the government. The reduction of foreign exchange reserves (not just those of CBA) shows that we should not tarry. Neither the people nor the national economy will be able to stand another wave of devaluation.--0--