Press Review 04/26/2016

The VII Global Forum, the situation with credits, the decline in oil production, and the non-payment of compulsory insurance to the military are the leading topics of today's press.

The official newspaper Azerbaijan writes about the UN Global Forum of the Alliance of Civilizations, which started in Baku. This event in Baku is regarded as a manifestation of respect for Ilham Aliyev.

Azadlig publishes commentary from the expert Samir Aliyev on the statement of the head of the Financial Market Control House (FMCH) Rufat Aslanov on the preparation of new lending models.

In this matter the positions of the Central Bank and FMCH match. From the comments it follows that FMCH is not going to soften the terms of loans, but rather to tighten them.

The problem is that credit card interest rates are too high. Experts consider it necessary to reduce interests for dollar-denominated loans increased by several times after the two devaluations of the manat.

Echo cites the opinion of the expert Oktay Hagverdiyev regarding oil production. He says that every year the country's oil production falls, the oilfields become obsolete, and using them again is costly. According to him, after 10-15 years, Azerbaijan will rather export gas than oil.

Novoye Vremya publishes an article, which criticizes the youth policy of the authorities. Investing in young people is to invest in good education, as well as new jobs. Investing in young people means giving them property. Now the mortgage program is frozen because of high loan interests.

In the youth policy there should not be "us" or "them." Youth activities almost never face criticism, so active youth does not participate in such events.

Bizim Yol writes about the insurance of military men, who died in the fighting. According to experts, currently about 13,500 families should get the money. MP Vahid Ahmadov considers it important to address this issue. These people died for the homeland and there should not be any two-pronged approach to this issue.

The Chairman of the Public Association Protecting the Rights of Fedayeens for Motherland Dadash Guliyev recalls the recommendation of the Constitutional Court to the Parliament in connection with the above matter. However, during the 15-month period the issue was not resolved. It's just a lack of respect to the martyrs and their families, he said.

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