Press Review 11.05.2017

The role of the Deepwater Jackets Plant in the country's oil industry, the situation in the elevator economy, emigration from the country, and growth in real estate sales are the leading topics of today's press.

The Azerbaijan writes about the role of the Baku Deepwater Jackets Plant in the development of the oil industry. The author recalls that the plant was built in the 70s of the last century. The construction of the plant created real opportunities for studying the sea at a depth of 40 meters. After the signing of the Contract of the Century the work of the plant increased.

The Echo published an article on the growth of proposals for the sale of land by their owners. In connection with the financial crisis, the supply in the land market of Azerbaijan increased by 20%.

Individuals and legal entities experiencing financial difficulties are forced to sell their property. However, the number of sales transactions continues to decline. This is especially noticeable in comparison with the previous years. We can say that stagnation reigns in the land market.

If we talk about ordinary citizens, they are in no hurry to acquire land for the construction of a house. If earlier it was more profitable to build a house than to buy an apartment, today it is not so.

The Novoye Vremya published an article about the poor condition of the capital's elevators. In April, the media reported on two deaths and 11 injured as a result of the fall of lifts into the shaft. The author writes about the corruption scandal, in the center of which was the head of the department Lift-Temir (repair of lifts). The increase in the import of elevators in 2013 was due to the fact that the government suddenly recalled that in Baku there are 5,552 lifts and more than half of them have to be written off by the end of 2015, but only 1.5 thousand of the old elevators were replaced, and about 1 thousand were repaired.

The Bizim Yol writes about the increase in the number of citizens leaving Azerbaijan. The newspaper discusses the reason for the emigration with the expert Natig Jafarli. According to him, this can be the result of a difficult social and economic situation.

Last year about 40 thousand people emigrated from Azerbaijan to Turkey. Of these, 7,300 departed for permanent residence, while 10,528 people left Azerbaijan for education. The most popular residence countries for Azerbaijanis are Russia, Ukraine, Belarus, Kazakhstan and Uzbekistan.  –0-----

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