Press Review - August 15, 2018

The view of the MPs on the Convention on the Legal Status of the Caspian Sea, the issue of transferring the manat to a floating exchange rate, and the possibility of a rise in the price of the AI-92 gasoline are the leading topics of today's press.

The newspaper Azerbaijan published an article titled "The Caspian is becoming an important transport artery", which assesses the Convention on the legal status of the Caspian Sea, signed on August 12. The author gives the opinion of the MPs on this matter. MP Aydin Mirzazadeh considers this event to be historical. The Caspian is declared a sea open to ships. He also attaches great importance to bilateral agreements on the division of the seabed and natural resources of the Caspian Sea. Opinions of other MPs are also cited that the existence of the Convention will create conditions for even closer cooperation of the five Caspian states and regional security.

The website Marja.az discusses the issue of transferring the manat to a floating exchange rate or not. The author discusses the possible devaluation of the manat against the background of the fall of the national currencies of Russia, Iran and Turkey. In the article there is an opinion on the need to transfer the manat to a floating regime in order to adapt to possible changes.

The website Musavat.com writes about the possible rise in the price of the gasoline AI-92 in Azerbaijan. And this brand of gasoline is produced in the country and is used massively. Its rise in price will lead to higher prices in many areas and worsen the social status of the population. In view of the absence of a market economy in the country, the issue of regulating gasoline prices is exercised by the state. -0-