Press review 2 June, 2018

The government's concern for children, the problems of the country's banking system, expensive flats of Baku and land plots are the leading topics of today's press.

The newspaper "Azerbaijan" published an article on the occasion of the Children's Day, celebrated on June 1. The author writes about the high level of state care for children, which is part of the children's policy founded by Heydar Aliyev.

The author also writes about Azerbaijan's joining the UN Convention on the Protection of the Rights of Children, on providing children with free education and health care.

The newspaper Novoye Vremya writes about the paradoxes of the banking system, according to which loans are becoming more expensive, and banks are getting poorer. This is a newly created civil service of financial monitoring. Many experts agree that the reason for the creation of the new civil service is the inability of Rufat Aslanli and his department to cope with the duties assigned.

The total loss of banks in Azerbaijan on May 1, 2018 amounted to 57.1 million manats. At the same time, interest income of banks amounted to 561 million manat, including 386.6 million manat for loans.

The interest expenses of banks amounted to AZN 201.1 million. Bankers reduce interest on deposits and increase interest on loans. Problem loans, in their turn (their total volume reaches almost 2 billion manat), pull the banks to the bottom.

The newspaper "Yeni Musavat" writes about the high cost of housing. Thus, the most expensive apartments are located in the Sabail and Narimanov districts of the capital. The most expensive land is also located in the Sabail and Narimanov districts of the capital.

The author quotes prices for housing in the regions of the capital. As for the cheapest housing, it is in the Garadagh district of the capital with the cheapest land.

Now rent for apartments has increased because of the demolition of old housing in Baku. According to the high cost of housing, Baku ranks 8th in the CIS countries, and not 4th, as before.

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