Press Review 04/29/2017

The development of cotton growing in the country, the situation in the oil market and its impact on the economy of the country, and problems with the return of loans are the leading topics of today's press.

Azerbaijan writes about the growing interest in cotton growing and development of this industry. A Zabdob cotton grower Nubar Aslanova shares her opinion on this. The author reminds that in 2017 it is planned to harvest about 250 thousand tons of cotton.

Echo publishes a report on the need to address the consequences of the crisis, rather than to revise the budget. The situation with oil prices has not stabilized, so we cannot rule out another drop in prices.

On the revision of the state budget it was first talked in March, but the Ministry of Finance reported that while the issue of adjusting budget forecasts is not on the agenda.

Yeni Musavat writes that the spring rise in price has begun. The situation is analyzed by the economist Natik Jafarli. According to him, despite the strengthening of the manat, the prices for food did not fall, but rose by 20-30 gapiks.

Sellers do not explain such a rise in price. According to the expert, one of the reasons for the rise in price is the psychological factor of expecting fall in the manat rate.

Novoye Vremya writes about the shortage of cash in banks. Not only bank customers have pledged all their property for credits, but also the property of banks is pledged.

There are also complaints about the Deposit Insurance Fund itself. What kind of insurance is this, if in the long run a citizen cannot have his hard-earned money returned? The "roofing" of banks by high-ranking officials contributes to the lawlessness. -0--