Press Review 17.03.2017

The Azerbaijani-French relations, the increase in the number of suicides, and the situation in the construction and banking sectors of the country are the leading topics of today's press.

The newspaper Azerbaijan writes about the Azerbaijani-French relations, referring to Ilham Aliyev's visit to France. The results of the visit give grounds to believe that European states are interested in cooperation with Azerbaijan.

Diplomatic relations with France were established in 1992. The trade turnover between the two countries is about 2 billion dollars.

The website Azadliq.info discusses the situation with suicides. The news about these facts does not have time to become outdated and is updated daily. In particular, on March 16, a journalist Mevlut Mevlut and a teacher at a school committed suicide. Due to difficult living conditions, people do not have the desire to pursue life, the author writes.

Novoye Vremya published an article titled Fitch Once Again Gives Bad Mark to Country's Banking Sector. The financial system of the republic remains very fragile.

The international rating agency Fitch believes the devaluation of the currency continues to exert pressure on Azerbaijani banks, and they face an ongoing deficit of capital due to weak assets and high dollarization.

Fitch expects the banking sector will remain unprofitable in 2017, and there are negative forecasts for most Azerbaijani banks.

Echo publishes an article on reducing the volume of construction in the country.

We can already say that stagnation in the construction market will last until the end of the year. The chance that the construction sector will revive is negligible.

State investments, which have grown this year, are sent to "refine" the projects suspended in 2015-16.  –0---

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