Press Review 07/08/15

Official newspapers write about the socio-economic development of the country and the implementation of social programs.

Azadlyg referring to the American agency Moody’s Investors Service writes that the banking system of Azerbaijan will develop in the negative scenario. The reason is the February devaluation and decline in oil prices.

In 2012, the Oil Fund bought an office and shopping center Gallery Actor for 123 million dollars in Moscow. For three years the cost of real estate fell by 43 million dollars.

The revenue of Azersun this year compared to last decreased by 44%. Experts believe that this is an artificial measure of the company, which lowers its income.

Express writes about the increase in the number of early marriages.

From now on, the National Television has the right to terminate the broadcasting of programs, which violate the law. In this regard, dossiers on such programs are prepared.

Echo writes that the purchasing power of the population of Azerbaijan fell by 3-5%. This is due to the reduction of consumption in order to save.

270 manat is the real average pay in the country.

Bizim Yol

The law "On mandatory medical insurance" was passed 16 years ago, but it is still not in real force.

Yeni Musavat writes that the second wave of devaluation will lead to the collapse of the banking system.

The Minister of Education issued a reprimand to the Rector of the Technological University in Ganja Akif Suleymanov after the man admitted that under the pressure of the head of executive power of Ganja he was forced to spend the university’s money on the urban decoration work. -0--