Press Review 17.08.17

The development of entrepreneurship in the country, ways out of the crisis, and the opposition between the residents of the Yasamal district and a construction company are the leading topics of today's press.

The Azerbaijan writes about entrepreneurship, which has ancient roots in Azerbaijan. The author goes into the historical details of entrepreneurship. At present, more than 80% of the country's economy is in the private sector, and approximately 70% of the employed population is in this sector.

The Echo published an article titled Way out of Crisis for Azerbaijan - Full-Scale Reforms. One of the most important conditions for the development of the economy is attracting investment. Until full-scale reforms are implemented in the country, foreigners will not invest in the Azerbaijani market.

Reforms should be carried out practically in all spheres, beginning from the legislative base and ending with land plots that are practically in a fragmented state. Capital investment in fixed assets in Azerbaijan in January-July 2017 amounted to 8 billion 728.8 million manats, which is 0.3% lower than the same period last year. During the reporting period, the volume of foreign investments in fixed assets amounted to 5 billion 280.9 million manats (60.5% of total investments), and domestic investments totaled 3 billion 447.9 million manats (39.5% of all investments).

The Bizim Yol writes about the confrontation between the residents of the Yasamal district and the construction company Pilot Residency. On August 16, a large group of residents of the district held a protest near the ASAN Khidmet office. The protesters argue that the company has hedged the entrances to several shops and the residents" homes with iron sheets since last December.

The company intends to build high-rise buildings and resettle the residents of the existing five-storied buildings, which they refuse of. The residents are offered to live in rented apartments for three years, and then get an apartment in a new building.