Media Review for February 5, 2020

Investments in the country's economy, parliamentary elections, assessments of the “rental housing” project, and the impact of oil prices on the situation in Azerbaijan are today's topics of Internet resources

The website of the newspaper Azerbaijan writes about investments in the country's economy, which in 2019 amounted to more than 17.1 billion manat.

Last year, the share of investments in fixed assets amounted to 23.2%, and this year it is planned to bring this figure to 25%.

According to the State Statistics Committee, last year, 17 billion 184.3 million manat was allocated from all financial sources to the development of the economy and social sphere.

During this period, investment in the oil and gas sector decreased, and investment in the non-oil sector increased by 1.9%.

The website Azadliq-info.az writes about the extraordinary parliamentary elections approaching the final, discussing this topic with the PFPA deputy chairman Seymour Hazi. He notes the absence of debate and pre-election competition, and voters' activity is not felt.

According to Hazi, voters are expelling candidates supported by the authorities from their territories. This means that voters do not trust these candidates and authorities.

Musavat.com discusses the rental housing project. Experts express dissatisfaction with the prices of housing for sale under the guise of "rental housing."

So, the monthly payment in Baku is 411 manat, in Khirdalan - 333 manat, in Sumgait - 297 manat. This is a one-room apartment. If a citizen buys a one-room apartment of 58 sq / m, then within 25 years he must pay 123,300 manat. That is, each square meter costs him 2,100 manat. This is significantly higher than today's price in the housing market.

The website Bizimyol-info.az cites the arguments of the economist Gubad Ibadoglu about the increase in oil prices and a possible increase in the dollar.

So, on February 3, the price of Brent Grude oil fell to $ 54, and the Nymexs brand fell to $ 49.9.

The head of the Central Bank, Elman Rustamov, claims that the country has enough foreign exchange reserves - $ 52 billion, and this will allow to keep the manat rate.

Gubad Ibadoglu, in turn, believes that with a decrease in the cost of oil below $ 55, there may be problems with the transfer from the Oil Fund to the state budget. This will concern the financing of budget expenditures, and above all, the payment of salaries.