Press Review - 7 June 2018

Investments in the regions of the country, the rise in price of loans and the crisis of banks, and the situation with the evaluation of immovable and movable property are the leading topics of today's press.

The newspaper Azerbaijan writes that investors are paying attention to the regions, one of which is Agstafa. So, last year private investments in the region amounted to 34.8 million manat, out of which AZN 25 million is foreign investments.

The production in the area over the last 7 years has increased by 2.9 times. The author speaks about the importance of the Agstafa Agrarian Industrial Complex, as well as other enterprises with private investments.

The Novoye Vremya newspaper writes that loans continue to go up. The author tries to find the answer to the question why, against the backdrop of a rise in price of loans, banks suffer losses and criticize the activities of the Financial Markets Supervision Authority (FIMSA).

FIMSA almost from the first day of its creation has tried to distance itself from the problems experienced by many depositors and borrowers of banks. It has not paid attention to the fact that loans are becoming more expensive.

The newly established Financial Monitoring Service will exercise part of the FIMSA powers, and it is hoped to cope with the things FIMSA could not.

The website Marja.az writes about the negative aspects in the evaluation of movable and immovable property. One of the main problems in this area is the imperfection of the Law on Evaluation Activities, adopted in 1998.

Twenty years later, a new version of the law was introduced to Parliament and reviewed by commissions, but it was not adopted. Imperfection of the law is used by various structures in their favor and, as a result, the owner suffers.