February 26th Media Review

The eighth meeting of the Azerbaijan-Turkey High-Level Strategic Cooperation Council, the possible impact of restrictions imposed by China and Iran on Azerbaijan, lack of medical masks, the likelihood of manat devaluation and other problems are topics of today's media

The newspaper Azerbaijan has published a detailed report from the eighth meeting of the Azerbaijan-Turkey High-Level Strategic Cooperation Council in Baku on February 25.

The leaders of the two countries reaffirmed the inviolability of strategic partnership relations, expressed their willingness to expand ties in all areas, including the defense industry, and set a goal to increase trade turnover from $ 4.5 billion to $ 15 billion by 2023.

The Yenisabah.az website assesses the potential impact on the economic life of Azerbaijan of the introduction of restrictions on relations with Iran and China due to the corona virus. However, this will give rise to monopolists to raise prices. At the same time, if the border with Iran is completely closed, in Azerbaijan there may be a real shortage of potatoes, dried fruits and almonds on the eve of Novruz Bayram, when these goods are especially in demand.

The Modern.az website discusses the shortage of medical masks. They are imported, therefore, prices in producing countries also affect the retail price in Azerbaijan. On the other hand, psychological factors have led to a sharp increase in demand in the world and in Azerbaijan. If the corona virus continues, devaluation of the manat will become inevitable, the publication believes. So, the continuation of the epidemic of corona virus can lead to a sharp drop in oil prices and the depreciation of the manat.