Media Review for April 11, 2020

State support to eliminate the harm caused by the pandemic, the possible support of citizens living in rented apartments, the damage caused by the pandemic to small states, and the possible impact of OPEC + decisions on the price of oil are the leading topics of today's media.

The newspaper Azerbaijan reports that 2.5 billion manat (approximately $ 1.5 billion) has been allocated to solve the problems created by the Corona Virus, as Ilham Aliyev said at a video conference of the Summit of the Cooperation Council of Turkic-speaking States on April 10. About 600 thousand people suffer from the consequences of the pandemic in the country. In the public sector, more than 900,000, and in the private sector, 690 thousand people are provided with wage-saving employment. 50 thousand paid jobs will be created for the social protection of the unemployed. The state will guarantee 60 percent of newly issued loans in the amount of 500 million manat or 300 million US dollars. And this is just part of the support programs.

The website Bizimyol.info writes about the problem of paying for rental housing. The introduction of the restrictive regime deprived people of the opportunity to earn money, and the owners of rental housing require payment. Experts believe that the government should take measures, and landlords should make concessions to tenants in response to the conditions created by the government. As for the social package in support of families of this category, to date, there is no action plan in this regard.

Musavat.com discusses pandemic harm to small states. The damage is comparable to almost the state itself. The superpowers cannot avoid strong damage, and they will have to put up with the difficult situation for a long time. However, they have large funds that small states do not have. More than 100 small states have already applied to the IMF for help.

The website Modern.az discusses the topic of what awaits Azerbaijan in connection with the end of the Cold War between Moscow and Ryadh. On April 9, an agreement was reached between the OPEC and OPEC + countries on reducing oil production by 10 million barrels. From May 1 to July 1, Azerbaijan must adhere to oil production in the amount of 554 thousand barrels. The article also notes that Azeri Light, as well as light grades of Kazakh and Nigerian oil, can reach $ 40-50 per barrel in two weeks.