Press Review 24.12.2016

The merits of President Ilham Aliyev, unfounded promises of the government, a sharp decline in the volume of deposits in the banks,  the foreign companies’ leaving Azerbaijan  are the theme of today's media.

Newspaper "Azerbaijan" published an article titled "Ilham Aliyev's Mission" about the  merits of the president of the country.

 The author calls Aliyev leader and creator, whose 55th anniversary is celebrated today.

 Website "Azadlıqinfo" writes about the antagonism between words and actions of the authorities. Author mocks the statement of Deputy Prime Minister Ali Ahmadov   about new surge of development of Azerbaijan.

Ahmadov spoke about  it against the backdrop of the fact that 140 billion petrodollars disappeared no one knows where, manat fell to 124%, but the country's foreign debt has increased significantly.

In the current situation the most progressive surge is the resignation of the current government.

"Echo" writes about the rapid reduction of bank deposits in 2016, and this process will continue in 2017.

Thus, on January 1, 2016  in the bank sector  there were   9 billion  474 million manats of deposits, and in November this amount was reduced to $ 7 billion 413 million manats. In less than a year, a decline totaled  22%. There are two  reasons for the outflow of money from banks: the closure of banks and the lack of confidence of depositors in the banking sector.

"New Times" wrote about the departure of foreign investors.

Three foreign companies have left Azerbaijan. Fleeing  of foreign investors due to the lack of conditions for business. Changes  are required in the legislative level, in the tax area, we need practical steps in the fight against corruption and monopolies. Banking and financial system must be predictable.