Press Review - 12 April 2018

The impact of industry on the development of the non-oil sector, the fears of banks on the issue of loans, and the growing number of divorces are the leading topics of today's press.

The newspaper Azerbaijan writes about the development of industry and the impact of this factor on the non-oil sector. Over the past 14 years, economic development has increased by 3.2 times, in the non-oil sector - 2.8 times, including 2.6 times in the non-oil industry.

Thirty power stations, industrial parks and industrial districts were built.

The Yeni Musavat newspaper writes that banks are still afraid to issue loans, since the issue of problem loans has not been resolved.

This issue is discussed with the expert Natig Jafarli. Over the past year, lending has decreased by 30%. In the country, the loan portfolio of banks amounted to 9677.3 million manat as of March 1.

Banks are interested in issuing large loans in foreign currency, while in AZN they issue consumer loans for a short period with a high interest. According to the expert, the fact that banks are channeling their funds not to lending, but to the securities market, has a negative impact on economic activity. At present, banks, it can be said, do not participate in the economic activity of the country.

The Novoye Vremya newspaper writes that the family is under threat as a social institution. The newspaper gives an interview taken by the agency Turan from the employee of the Institute of Demography of the Academy of Sciences Nizami Eyubov.

He speaks about the growth of divorces and the deterioration in the provision of housing.

The lack of an apartment is a serious reason for divorces in families and a deterioration in the demographic situation in the future.