Media Review August 16, 2019

Economic successes in agriculture, the situation in the housing rental market, the growth of wheat imports, mortgages in Azerbaijan and in the world are the topics of today's media.

The newspaper "Azerbaijan" writes about record levels in the country's agriculture, about the general development that reforms provide. The share of agriculture in the non-oil sector is growing. This year, an area of ​​1 million 12 thousand hectares is sown with grain, of which 670 thousand hectares are sown with wheat, 342 thousand - with barley. Grain production as a whole increased by 40%. The author notes that this year"s yield increased, amounting to more than 30 centners per hectare, with 20 centners earlier.

In large farms that use machinery, the yield was 60 centners. For 6 months of this year, the yield of melons and gourds increased by about 40%, fruits - by 20%, vegetables - by 14%.

The site "Yeni Sabah.az" writes about prices in the rental housing market, discussing this topic with expert Ramil Osmanli. As you know, emergency buildings will be demolished in 6 districts of the capital, will this affect the prices on the housing rental market? The expert believes that when compensation is paid, prices will inevitably rise.

The site "Marja.az" writes about the growing dependence of Azerbaijan on wheat imports. The author argues that this dependence is deepening, and the price of wheat is growing. For the 7 months of 2019, 653 thousand 228 tons of wheat worth $ 145 million 789 thousand were imported to Azerbaijan. Compared to the same period last year, wheat imports grew by 9.1%.

The newspaper "Yeni Musavat" writes about interest on mortgage loans, discussing this topic with expert Vusala Akhmedova. According to her, in comparison with most countries of the world, in Azerbaijan the mortgage rate is very high. A number of banks in Denmark began to issue mortgages at a rate of 0-0.5%. In Azerbaijan, the annual rate is equal to the average monthly salary. In Germany, mortgage interest ranges from 0.99% to 1.99%.

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