Press Review 03/03/2016

Official newspapers write about Ilham Aliyev’s receptions.

The Azadlig cites the opinion of the expert Samir Aliyev that people will withdraw their dollar deposits from banks due to the fact that the level of insurance of these deposits has reduced. At present, 85% of the bank deposits in the country are in foreign currency.

The Bizim Yol believes that the strategic currency reserves of the country are in danger. The Oil Fund earns a minuscule from its assets and the central bank is spending foreign exchange reserves to maintain the exchange rate of the manat.

The Fund's assets decreased from 37 billion to 33 billion dollars, the expert Rovshan Agayev said. In his opinion, it is also an indicator of reduced investment.

The Yeni Musavat claims that Yerevan is concerned about the acceleration of the timing of opening the railway North-South between Azerbaijan, Iran and Russia.

Armenia is trying to connect its railways with Iran to get out of the blockade. However, this requires billions of dollars in investment.

The Novoye Vremya writes that on the eve of Novrooz, the prices are rising. Official statistics show food inflation at 5%. However, the usual shopping shows that over the past year products have risen in price by 25-30%.  –0--