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.
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- Question-answer
- 12 April 2018 11:38
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- In World
- 12 April 2018 11:54
Social
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The Prosecutor General's Office has reported about ‘exposing’ another group of officials involved in the export of agricultural goods and not returning the proceeds to the country.
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Border guards detained a man who tried to illegally enter Russia by hiding among the cargo in the car of a goods train travelling from Azerbaijan to Russia.
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Due to heavy rainfall in Baku, a tunnel under the ‘Baghirov Bridge’ flooded, resulting in ‘traffic jams’ in the carriageway of Heydar Aliyev Avenue, motorists report.
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Heavy downpour started in the capital at 11 pm and will last until the second half of the day, forecasters report.
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