Relations between the state and the entrepreneur, problems with mortgage lending, negligence in financial and banking documents, and sale of counterfeit butter in the market are the leading topics of today"s press.
The newspaper Azerbaijan writes about the state"s concern for entrepreneurs. The author writes that, in view of the undue interference of officials in the activities of entrepreneurs, the head of state issued a decree prohibiting such actions. It is expected that this ban will be extended until 2021, the author notes, recalling also the last meeting of the Cabinet of Ministers for 9 months of this year. So far, entrepreneurs have been granted preferential loans in the amount of 2 billion manat.
The newspaper Novoye Vremya published an article titled Will Conclusions Be Drawn from Stagnation of Mortgage Program? Mortgage lending in Azerbaijan cannot be called successful. One of the main reasons for the ineffective activity of the Mortgage Fund is excessive requirements for obtaining loans from potential customers and, accordingly, a low level of public confidence in this program. The Mortgage Fund committed irregularities in the allocation of mortgage loans, did not ensure the preparation of rules on the provision of guarantees for mortgages for the poor, and violated the relevant requirements when allocating the limit to authorized credit institutions. Conditions for obtaining a mortgage have changed dozens of times. But it did not become accessible to the population. Mortgage lending continues to stagnate.
The newspaper Echo published an article titled They Withdraw Millions of Manat from Banks and Non-Bank Credit Organizations. In Azerbaijan, several private banks, insurance and investment companies use various schemes for falsifying financial reports. They withdraw millions of manat from banks and non-bank credit organizations. However, virtually no one is held accountable for that. The problem can be solved with the help of public control and the establishment of the financial ombudsman institution. None of the leaders of these banks was ever sentenced to imprisonment. Therefore, there is no sense to toughen the relevant legislation.
The Yeni Musavat newspaper writes about the sale of counterfeit butter in the market, calling it a fatal blow to the population. According to statistics, in Azerbaijan, the import of butter has been halved, which has caused the appearance of counterfeit butter. It is sold in cardboard boxes of expensive butter. In January 2018, the Food Safety Agency will start operating in the country. True, there is an opinion that such a body will not be able to act effectively. -0-
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- Social
- 23 October 2017 23:13
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- Markets Review
- 24 October 2017 10:50
Social
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Last evening and night, marble “monuments” from the time of Hajibala (former mayor of the capital) once again reminded the residents of Baku of themselves. Underground passages and tunnels, decorated with marble and not equipped with an appropriate drainage system, caused a real flood in a number of districts of the capital.
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The leading mobile operator brings together literature enthusiasts as part of the “Book Club” project Azercell remains dedicated to preserving Azerbaijan’s literary heritage through its ongoing "Book Club" initiative. On October 25, the company will host a literary evening with the participation of contemporary writer Jeyhun Hidayatly, narrator Khazar Suleymanly, and screenwriter Azer Aydemir.
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The rain that started in Baku on October 21 will continue until noon on the 22nd. In several areas of Absheron, the precipitation will be heavy with thunderstorms. In the regions of the country, the rain will last until October 23. Most of the country will experience intense precipitation with hail. In the mountains, it will snow. An increase in water levels in mountain rivers is expected, which may lead to mudslides.
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Precipitation will occur in some places in Baku and Apsheron peninsula on Sunday, 20 October. At night, rain will intensify in Absheron, there is possibility of thunderstorms. Precipitation In the afternoon will gradually stop.
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