Press Review 29.03.2017

President Ilham Aliyev's assessment of the socio-political situation in the country, the removal of the people from governing the country, the problems of electronic commerce in Azerbaijan, and the rise in the price of foodstuffs are the leading topics of today's press.

The newspaper Azerbaijan writes about the March 28 trip of Ilham Aliyev to Saatli, where he assessed the socio-economic situation in the country. It was also noted that Azerbaijan can serve as a model of governance throughout the world. The head of state also touched upon the issue of the distribution of the brand Made in Azerbaijan.

The website Azadliq.info writes that the people are completely removed from the governance of the country. Such a rich country as Azerbaijan is in crisis, its people commit suicide and its courts serve injustice. The people cannot claim their existence, so the authorities do not notice them.

Echo has published an article titled “The appearance of Bitcoin in Azerbaijan is inevitable”. The demand for bitcoin is growing in the world and therefore the price of this crypto currency is becoming more expensive. In 2017 there will be a significant increase in the rate of bitcoin. Purchases in online stores, settlements with customers and employees, investment operations or just speculative games - all this is happening today with bitcoin. And its current rate in relation to the major world currencies is still of great importance.

It is worth noting that in the near future in Azerbaijan, the crypto currency will not receive permission for its circulation. To begin with, we need to strengthen the banking sector, and only then can we think about the introduction of modern payment systems. But in the future the emergence of crypto currency is inevitable.

Bitcoin is a digital currency that appeared in 2009. Now it is the most popular convertible virtual currency. It is not provided with any material values. All operations are conducted without the participation of the regulator, directly between users.

Novoye Vremya has published an article on the growth of prices for food. There are sharp jumps in food prices. For example, sunflower seed oil, which cost 4.60 manat a week ago, costs 5.40 manat now. If a month ago bananas cost 1.90-2 manat, now prices for them jumped to 3.80 manat. Vendors note that if some time ago they bought 18 kg of bananas for 50 manat in the wholesale market Meyveli, now they buy this amount for 64 manat. So, is there any economic reason for a sharp rise in price of imported food products? 50% of families' income is spent on food.

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