Press Review - 19 July 2018

The predominance of the oil and gas system in the country's economy, the rise in the price of food products, and the likelihood of the establishment of the Competition Agency are the leading topics of today's press.

The Azerbaijan newspaper writes that Azeri-Chirag-Gunashli brought profits of 3 billion 785 million US dollars in the Azeri sector of the Caspian in five months of this year. The author notes that in the first quarter of this year, the total daily production from these fields was 597 thousand barrels. The author tells about the significance of the ACG field and about the contracts signed in connection with it.

The Yeni Musavat newspaper writes that food products are growing rapidly in price. In the first half of this year, food prices rose by 3%, for non-food products by 3.8%, and for paid services to the population by 2.4%.

The Novoye Vremya newspaper writes that the draft "On the establishment of the Competition Agency of the Republic of Azerbaijan" has been prepared. On competition in business much has been said before. However, in reality we do not have it.

The market in Azerbaijan has turned into a bazaar, and monopolists operate it.

There are no conditions for healthy competition, without which there is no market economy.

It is still unknown whether the leadership of the new agency will be able to stimulate a favorable business environment in Azerbaijan by its work.

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