The pandemic situation, losses from falling oil prices, the reason for the high cost of loans, and the likelihood of devaluation are the topics of today's media.
The newspaper Azerbaijan continues to write about the situation with the pandemic of the Corona Virus, noting the success in combating the pandemic in Azerbaijan.
Azerbaijan is among the countries with the lowest number of infected people, however, the weakening of the quarantine regime does not mean a refusal to comply with hygiene standards and other restrictions, since the danger has not yet passed.
Müsavat.com discusses Azerbaijan’s losses from the collapse in oil prices. Experts say revenues are falling much faster than declining oil prices.
In 2019, the average annual cost of exported Azerbaijani oil was $ 67.5, and from each barrel the income of each of the parties (state + oil company) amounted to $ 52.
This year, under the previous scheme, the profit can be only $ 7, that is, 5 times less than a year ago.
Bizimyol.info discusses the reasons for the high cost of loans, and especially the big difference between deposit interest and credit interest.
The main factor that forms interest on loans is the discount rate of the National Bank. Although, in other countries this is not so, experts say.
If in Europe mortgage loans are issued at 2%, then in Azerbaijan they are issued under 4%. In Azerbaijan, consumer loans are issued at 30%, and car loans at 20%, but nowhere else in the world are there such interests, experts say. At the same time, foreign banks are not allowed in Azerbaijan.
Yeniçağ.az discusses the impact of the Corona Virus and the decline in oil demand for the national currency. If oil does not rise in price within a month, then it will be wrong to restrain the manat, experts say. This means the reality of the third manat devaluation.
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For more than three decades, the Turan News Agency has been a pillar of independent journalism in Azerbaijan, providing objective and reliable reporting amid political and economic instability. Founded in 1990, in the final days of the Soviet Union, we have endured the challenges of transition, war, and reform while remaining committed to journalism that serves the public interest.
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It will be cloudy and rainy in Baku and Absheron on 14 February. Wind will be north-west, gusty. Air temperature at night +2+4, during the day + 5+7. Humidity 75-85%.
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At the "Julfa" customs post of the Nakhchivan customs, during an inspection of a truck from Iran that was transiting to Türkiye, 101.4 kg of methamphetamine was found in the fuel tank and heating system tank.
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This year, 22,000 foreign language teachers and an additional 4,000 teachers who were unable to pass certification last year will be involved in the certification process, the director of the state agency for preschool and general education, Eshgi Bagirov, announced on February 12. According to him, of the 65,000 teachers involved in the certification, 55,000 passed successfully and received salary supplements. At the same time, employment contracts were terminated with 5,000 teachers who did not pass the certification.
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