Press Review 09/11/2016

The National Flag Day, the governance issues, the expected increase in prices, and the appreciation of the dollar are the leading topics of today's press.

The Azerbaijan newspaper writes about the National Flag Day. The author recalls that the current flag was raised on 9 November 1918 in the days of Azerbaijan Democratic Republic, and today President Ilham Aliyev has revived the memory of that day, designating it as a holiday.

The website Azadliq.info has published an article entitled “Is there any result of councils created for the release of the crisis?” In spite of the creation of new structures, such as the Financial Markets Supervision House, the Finance Board and the Financial Monitoring Service, a way out of the crisis did not occur and the power can do nothing about that, the author writes.

Echo has published an article entitled “Before the end of 2016, prices will rise by 20-40%.” A rating unpleasant for citizens of Azerbaijan has been published lately, where the country is ranked first on the rise in prices in the CIS.

According to the analysis of the Institute of World Economics of the Russian Federation, in January-September 2016 consumer prices in Azerbaijan rose by 8.7% ... “Azerbaijani citizens will spend up to three billion manat in December, although they spent no more than two billion before.

The fact is that before the end of the year prices for all products - food and non-food items – will grow by 20-40%. The only exception will be the price of bread.

Bizim Yol has published an article, which predicts the rise of the dollar, which by the end of the year will reach AZN 1. 95. The expert Natig Jafarli believes that one of the reasons for the decline of the manat is the deplorable state of the commercial banks.