Media Review September 18, 2018

The importance of the BTC oil pipeline, which has been operating for 12 years, the reasons for the large difference in interest rates on deposits and credits, the inadequacy of child benefits, and the sale of cars produced in the country to state structures are the leading topics of today's media.

The newspaper Azerbaijan writes about the significance of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, which has been operating for 12 years.

16 years ago the foundation of this oil pipeline was laid, the author notes, emphasizing the special merit of Heydar Aliyev in this case.

At that time there were attempts to disrupt its construction.

The article also talks about the BTC indicators, according to which about 4,000 tankers filled with oil from BTC have been sent to the world markets so far.

The Yeni Musavat newspaper writes about the sharp difference between interest on deposits and loans.

As of July 1 this year, the loan portfolio of banks and non-bank credit organizations increased by 3.5%, reaching 12 billion 170.1 million manat. However, the sharp difference between interest for deposits and loans has not changed, but on the contrary grows.

AZN deposits also lose their attractiveness, the author writes. Dividends from foreign currency deposits are offered by banks at a rate of 0.1%, and in several banks, deposits in euros are generally accepted without dividends.

According to the expert Vugar Bayramov, accepting deposits at a low interest rate is one of the reasons for the decline in interest in bank savings. He believes there is a need for competition in the banking sector.

The newspaper Novoye Vremya writes about children's benefits, which do not look solid. So, from September 1, 2013, the amount of the allowance to low-income families with a child under the age of one year was set at 45 manat. And this size was maintained until March 1 of this year, when the size of the allowance was increased by 10%.

The website Marja.az writes that cars assembled in Azerbaijan are stored in warehouses. For January-August of 2018 only 311 cars were assembled. According to statistics, in comparison with the same period last year, the production grew by 10.4%.

As of September 1, 131 cars were stored in warehouses.

On August 1 in the village of Lokbatan, veterans of the war and Chernobyl invalids were granted 139 Khazar vehicles.