Press Review 02/25/2016

Monetary authorities could lead their monetary policy to another devaluation which is a serious need for financial resources and to "upgrade" the ruling team – these are the main themes of the non-governmental press.

Official newspapers continue to write about the official visit of Ilham Aliyev to Iran. The Azerbaijan newspaper writes that the official Baku is in favor of friendly and good neighborly relations with Iran, which will contribute to the development of relations at different levels.

Azadlig writes that the artificial preservation of the manat rate could lead to another sharp devaluation. The expert Samir Aliyev says the authorities have administratively managed to halt the demand for dollars. But there is no economic basis for the rise in price of the manat. Using the method of administration can affect the market only psychologically, he said.

He believes that the Central Bank makes mistakes after the first devaluation and the artificial support of AZN will lead to another sharp devaluation.

Echo writes about the processes in the field of agriculture. It is about trying to unite the farmers to create large-scale farms. The paper considers these measures to be ineffective, because it means the creation of collective farms that do not lead to good results.

There is no need to repeat the mistakes of the Bolsheviks. The way out is to assist farmers.

However, in four villages of the Salyan region, Garabagli, Kerimbayli, Tazakend, and Kelany it is planned to establish businesses such as the Soviet collective farms. According to the executive of the district Tahir Kerimov, the creation of such enterprises will increase economic profitability and ensure the intensity of production and employment.

Novoye Vremya writes that the Central Bank cannot meet the demand for currency. The financial flows from abroad are decreasing. The National Bank, to support the exchange rate of the manat, has already spent more than 10 billion dollars, which led to inflation and rising prices.

The negotiations with international financial institutions and authoritarian regimes in the Persian Gulf yielded no results either.

Yeni Musavat writes that young people who have achieved success in diplomacy, education, management and economics abroad are returning to Azerbaijan. The authorities have promised them that they will become future deputy ministers, heads of departments, and even ministers.

The authorities prepare changes of old staff by these young people, the newspaper says.