Press Review 13/07/15

Official newspapers write about the participation of President Ilham Aliyev at the Iftar dinner on the occasion of the month of Ramadan, which the head of the Caucasian Muslims Office Allahshukur Pashazadeh gave.

Azadlyg writes that the International Bank of Azerbaijan (IBA) has published a report that became the basis for the deprivation of the former head of the bank Jahanghir Hajiyev of his post.

PFPA has issued a statement of protest against the pressure of official Baku on lawyers and opposition journalists. So, the lawyer Khalid Baghirov was removed from the advocacy. The government acts through the Bar Association, which has become a tool of punishment, depriving independent lawyers of their status.

On Sunday, citizens deceived by the construction company Yeni Yasamal held a rally demanding the management of the company should finally give their legitimate apartments to them.

Salaries in envelopes canceled on the eve of the European Games can be resumed only after a year.

In Azerbaijan, entrepreneurship has become impossible due to the high interest rates on loans. The country has no business structures capable to borrow under such interest.

Azerenergy is not able to export electricity to Turkey, since this structure is not competitive in comparison with the European institutions, experts say.

Yeni Musavat talks about Azerbaijan obtaining a dialogue partner status in the SCO. The theologian Bakhruz Jamal contradicts himself, claiming that taking a credit is Haram (banned for Muslims), but it is normal to acquire property by a loan.

Experts argue that economic mechanisms do not work in Azerbaijan. Banks are owned by officials and there is no competition. All this increases the risk of devaluation of the manat, experts say. -0--