Press Review 22/11/2016

The transformation of Azerbaijan into a logistics center, the mass closure of workplaces, the failure of banks, and the high cost of food are the leading topics of today's press.

The Azerbaijan newspaper writes that the country is becoming an important logistics center of the Eurasian space and creates free trade zones at the border with the neighboring countries. The implementation of such projects in the near future will expand the volume of cargo transported through Azerbaijan.

The website Azadliq.info writes about 312,000 people that lost their jobs this year. The author criticizes the government's claims about the alleged opening of new jobs and the conclusion of 339,000 contracts of employment. This figure has nothing to do with reality.

Echo publishes an article about bankruptcy of banks. The crisis in the banking sector of Azerbaijan raises a lot of questions, and above all, the question of who is responsible for this. Many experts believe that it is, above all, the bankers themselves.

One of the main issues is a growing number of bad loans, which were issued to citizens at abnormally high interests, reaching up to 30%.

Novoye Vremya writes about the rise in food prices, which is directly related to the lack of real reform.

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