Press Review 11/01/2017

The development of farming, the small number of businesswomen, and the lack of real reforms are the leading topics of today"s press.

The newspaper Azerbaijan explores the possibilities of ensuring the country"s food security by existing farms. The author reminds that agriculture is the largest non-oil sector in the country, and food security is a priority for each country. The article refers to the benefits granted to farmers.

The newspaper Echo published an article entitled Why Azerbaijani Women Do Not Go into Business. Women in business work just as well as men. But the weak sex in Azerbaijan does not want to get into business. The majority of registered women entrepreneurs do not have their own business. Behind these women are men who, due to various circumstances, registered their business in the name of their spouse. The reasons for the absence of women entrepreneurs are numerous, including the mentality playing a significant role. Another problem is that many entrepreneurs complain about problems of obtaining loans and high interest rates. The state should work harder in the issue of accessibility of financial services and measures to support small businesses.

The newspaper Novoye Vremya published an article entitled The Central Bank Again Hopes for Higher Oil Prices. If the head of the Central Bank Elman Rustamov talks about the fate of the manat, then nothing good is expected. Even now, the head of the Central Bank of Azerbaijan, Elman Rustamov, has already announced the possibility of growth of the manat rate by the end of the year. According to him, today the manat rate goes towards strengthening, because the state of the balance of payments is very good, and oil prices are favorable. In addition, the country"s chief banker has excluded the possibility of the CBA refusal of the floating rate of the manat. Today"s situation can be seen as an enforced, but very useful, needing to diversify the economy. The current crisis, having inflicted a severe blow to oil exporters, made it clear that it is high time to find a new model of the economy that does not depend on the jumping prices for raw materials.

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