Press Review - May 31, 2018

The implementation of the Southern Gas Corridor, the ability to live up to the retirement age, and the activities of the financial monitoring service are the leading topics of today's press.

The newspaper Azerbaijan writes about the implementation of the project Southern Gas Corridor. The author of the article goes into the history of the issue, recalling the visit of the then chairman of the European Commission Barroso to discuss this project to Baku in January 2011.

As you know, the foundation of the gas pipeline was laid on September 20, 2014. With the opening of the Southern Gas Corridor, a new stage in the development of the country's oil and gas industry began, President Ilham Aliyev said at the opening of the gas pipeline.

The newspaper Novoye Vremya discusses the topic how to survive to retirement. The article is about discussing the law on employment in the parliament.

"60% of the world's population is unofficially employed, and 18-20% of the population is unofficially employed in the countries of the European Union."

The new employment bill should create conditions for formal employment. That is, it should be profitable to work and earn officially. Now such conditions are not created. Pessimistic attitudes towards reaching retirement age give rise to informal employment. The Ministry of Labor needs to think about real social protection of the population.

The newspaper Yeni Musavat writes about the activities of the Financial Monitoring Service (FMS) Expert. The creation of this structure means that the Financial Markets Supervision Authority (FIMSA) has lost its functions in this area. The author reminds that this Service was earlier at the Central Bank, and then it was transferred to the FIMSA.

The FMS has been operating in the country for about 10 years, but it cannot cope with its work, the expert Akram Hasanov believes, since no one has been prosecuted for laundering dirty money during this period. With the creation of the new structure, there is a hope that it will cope with the responsibility entrusted to it. -0-

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