Media Review - September 10, 2018

The progress of the non-oil sector, the stability of the manat and the factors supporting it, and the debts of SOCAR are the leading topics of today's media.

The newspaper Azerbaijan writes about the development of the non-oil sector, in particular, the increase in exports of agricultural products. The author lists achievements in this field, tells about modern systems in the agrarian sector and creation of agricultural parks, in which more than 200 million manat has been invested.

The preferential loans to entrepreneurs for agrarian works have amounted to more than 100 million manat. The author also tells about the creation of a modern irrigation system on the territory of 50 thousand hectares

The newspaper Novoye Vremya writes about the recent agreements between Azerbaijani and Russian enterprises. Thus, the Russian Gazprombank and SOCAR, with the mediation of the Russian Export Center, signed an agreement on strategic cooperation for further implementation of projects in the sphere of export support from the Russian Federation.

Gazprombank is considering financing the supply of Russian products for the gas processing and gas chemical complex of SOCAR. The amount of the agreement can reach up to 700 million dollars.

The website Azadliq-info writes that all factors supporting the stability of the manat disappear. The economist Gubad Ibadoglu believes that the country's economic indicators are deteriorating.

In addition, the psychological impact on the manat also increases. This is the case with the Russian ruble, the Turkish lira and the Iranian rial. He believes that in such conditions, maintaining a fixed rate of the manat is a political adventure.