Press Review 20.06.17

Export opportunities of Azerbaijan, the fate of the manat in the short term, the reasons for the decline in GDP, and the possibility of a rise in price of several food products are the leading topics of today's press.

The Azerbaijan reviews the products exported by Azerbaijan. The author gives an overview of the Center for Analysis and Communication.

According to the document, in May in the non-oil sector, 445 companies carried out export operations in the amount of 149 million US dollars.

Basically it is tomatoes, potatoes, polyethylene, methanol, other mixtures, rectangular plates, gold, hazelnuts, cotton, onions, apples and much more.

The Echo published an article entitled: The Dollar Getting Stronger, the Azerbaijani Manat on Way to Devaluation. The expectation of another rate increase by the end of the year will lead to a strengthening of the dollar in world markets. For Azerbaijan, this means that the manat will once again become cheaper. However, under any scenario, the devaluation of the national currency in Azerbaijan is inevitable. There are too many problems in the country, and the financial authorities of the country have no more opportunity to delay this process.

The Novoye Vremya writes about the fall of the country's GDP. The State Statistics Committee declares average annual inflation of 13.5%. However, not only inflation and prices are growing. The GDP of Azerbaijan continues to fall. For five months of the year the volume of GDP of Azerbaijan amounted to 25.3 billion manat, which is 0.9% less than for the same period in 2016, the State Statistics Committee informs.

The Yeni Musavat writes that the June rains can affect the increase in the cost of several food products, since not only rain showers, but hail, have also taken place in a number of districts. Experts argue that the shortage of several vegetables and fruits will result from such unstable June weather. The author in this connection also raises a question of crop insurance by farmers.