The significance of the International Caspian Oil and Gas Exhibition, the reasons for non-provision of loans by banks, the state of the economy, and the appreciation of the dollar are the leading topics of today's press.
The Azerbaijan writes about the traditional oil and gas exhibition and its role in the energy sector of the region. The author recalls that the organization of such exhibitions was possible after the signing of the "contract of the century" in 1994.
The Echo published an article on non-provision of loans by banks.
Banks do not talk about this openly, but in practice they do not issue loans. As they are afraid of no return, they cannot give out credit cards to everyone.
The Financial Market Supervision Authority has obliged banks to issue loans only if the borrower has an income equal to a three-fold subsistence minimum.
The Novoye Vremya writes on the role of oil prices in the country's economy.
Apparently, the economy is not going to grow, but its fall is quite expected. In addition, Moody"s Investors Service lowered its forecast for Azerbaijan's economic growth for 2017.
The Yeni Musavat is discussing whether the dollar will go up after the Islamic Solidarity Games. The author claims the government is interested in keeping the dollar rate at the same level. Experts note that it is impossible to link the manat rate only to Formula One.
There is also a factor of increase in the USD interest rate in the US. By the end of this year, the dollar can grow to 1.92 manats. -0-----
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Variable cloudiness is expected in Baku and Apsheron peninsula on Sunday, 28 July.
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As part of the struggle against illegal migration in Baku city, operative actions were carried out at different addresses. The Interior Ministry reports that employees of the Department for Combating Illegal Migration identified and detained 34 foreigners without documents giving the right to reside and stay on the territory of Azerbaijan.
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On July 25, the Azerbaijani Ministry of Defense accused Armenia of "provoking" by deploying heavy weapons in Kalbajar and quadcopters in the Tovuz direction. The ministry also expressed dissatisfaction and concern over Armenia's military cooperation with Western countries.
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During the operation of the Main Drug Control Department of the Ministry of Internal Affairs, 5 members of an organized group engaged in drug trafficking were detained. All of them have previous convictions: Bahlul Ismayilov, Royal Aliyev, Khayal Aliyev, Samir Aghayev, and Ali Mammadli.
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