Media Review October 15, 2019

The development of Azerbaijani-Austrian trade relations, the situation with the cost of building materials, the possible impact of a likely global crisis on Azerbaijan are the topics of today's media.

The newspaper Azerbaijan writes about the development of trade relations with Austria, the volume of which has increased almost 2 times. In this regard, the author talks about the meeting of Minister of Economy Shahin Mustafayev with the Austrian delegation led by Minister of Transport, Innovation and Technology Andreas Reichardt.

Up to 50 Austrian companies are registered in Azerbaijan in the field of insurance, transport, banking, trade, services, and they also participate in state projects.

The website Redaktor.az writes about the situation with building materials. According to expert Nusrat Ibrahimov, during the month the growth in the cost of building materials amounted to 0.27%.

Inevitably, an increase in wood prices in connection with the autumn period is also inevitable. In winter, there is an increase in prices for iron materials.

Prices for local building materials are not regulated by seasonality, but to a greater extent administratively.

The Yeni Musavat newspaper writes about the possible impact of the global crisis on Azerbaijan. International experts predict another crisis in the years 2020-2021, and as a basis leads the cycle of crises in the United States.

Experts comment on the likelihood of its impact on Azerbaijan, believing that the country's economy still cannot recover from the economic shock of 2015-2016.

The global trade war will lead to a drop in oil prices, which will have a negative impact on the economy of Azerbaijan.