Press Review 06/11/15

Official newspapers widely report the official visit of Azerbaijani President Ilham Aliyev to Georgia.

Also published is the presidential decree on the allocation of additional AZN 6 and 5 million respectively for the socio-economic development of the Zagatala and Sheki regions.

 

The Azadlig newspaper writes that the MNS case may strike the  assistant to the President, Ali Asadov.

The newspaper reports of arson of a private car of the Baku Appeal Court judge Ikram Shirinov.

Experts disbelieve the promises of the Central Bank that there is no threat of the AZN devaluation. They believe that the rapid melting of the CBA reserves can cause a second devaluation, which is inevitable. It can be deadly for the banking sector of Azerbaijan.

Experts point out that imported potatoes are recorded at the price of 4 cents per 1 kg, while in the market they are sold 20-30 times more expensive.

Cattle and sheep and goats for import are recorded at a price of 30 and 12 dollars, and sold 10-15 times more expensive.

 

Express writes that the owner of the restaurant Zeytun Bagi Ilgar Mamedov tried to commit suicide, requiring to pay him 500,000 manats as compensation for the demolition of the object. However, the Binagadi executive refuses to pay the compensation, arguing that the facility was built illegally.

 

Echo gives the survey results, according to which 62% of the respondents do not trust deposits in banks.

 

Novoye Vremya doubts the effectiveness of anti-corruption struggle by official Baku, wondering if it is possible to overcome corruption in Azerbaijan.

 

Bizim Yol referring to experts, says that Azerbaijani banks are experiencing difficult days: they close branches and dismiss staff, while their external debts and bad loans are growing.

 

Yeni Musavat reports about the growth of anti-corruption arrests on the background of the “MNS case” and a scandal with loans at the International Bank.

A new wave of price hike started, which is due to monopolies in the economy.

Azerbaijan's share in the investment in the Southern Gas Corridor is 14 billion USD, half of which will be borrowed abroad. The newspaper calls it Azerbaijan's going into debts. -0-

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