Media review for April 1, 2020

The newspaper "Azerbaijan" writes about the meeting of President Ilham Aliyev with the Minister of Economy Mikail Jabbarov. The head of state again called for the need for citizens to comply with the restrictions.

In the case of widespread coronavirus, tragic dynamics will become inevitable. According to him, it is necessary to maximize local production. The head of state instructed Jabbarov to analyze all the incoming data from government agencies and provide him with information about the real situation for an accurate forecast and further policy.

The site “Müsavat.com” writes on the topic of conditions for the repayment of loans by the population. Unemployment is rising worldwide due to the pandemic. At best, the global economy will reach its previous level in the third quarter of 2023. Azerbaijan’s anti-crisis program is 2.5 billion manat. To reduce the impact of global shocks, the government support program will cover 4 sectors and 20 areas.

According to experts, 9 programs are being developed that will cover 44 thousand entrepreneurs and 304 thousand employees. 290 thousand micro entrepreneurs will receive state support.

A state program on tax incentives for entrepreneurs and support for mortgage loans are also being developed.

At present, 7 billion manats of the total loan portfolio in the amount of 15.5 billion manats is the household, 6.1 billion. manat is the private sector. The state will allocate 1 billion manat to support the existing loan portfolio.

The Bizimyol.info website discusses the magnitude of the flare-up crisis due to the coronavirus. Experts point to 5 main differences between the previous crisis of 2015 and the current one, which is much deeper and heavier.

 

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