Press Review - January 17, 2018

The attractiveness of Azerbaijan for investment and the impact of high inflation on the material situation of the population are the leading topics of today's press.

The newspaper Azerbaijan writes about the attractiveness of Azerbaijan for investment. In the period 2004-2017 the country's economy was invested 225 billion dollars.

In 2017, the investments in the Azerbaijani economy for 11 months amounted to 21.8 billion dollars. The author predicts that in 2018 investment in the country's economy will remain at last year's level.

The newspaper Echo published an article entitled: In Azerbaijan It Is Advised Not to Put Money into Bank and Not Invest in Expensive Housing.

In 2018, banks will also be closed, and there is no guarantee that your savings will not be lost. However, if the deposit was insured, then the closure is not terrible and does not threaten the depositor with any losses.

But if earlier it was profitable to put money in banks for a deposit in foreign currency, today the interest on deposits is very small, no more than 2-3%. Preferred are manat deposits, but there are fears that the rate will be reduced on them.

It is not worth investing in expensive housing, starting from 100,000 manats, but rather in middle-class housing that will always be in demand.

It is also always profitable to invest money in land, but everything depends on where it is located. If we are talking about resort areas, then the investment will pay off.

The newspaper Novoye Vremya published an article entitled Inflation Continues to Devastate Our Wallets. Economic indicators seem to be good, but life is getting harder. And this is felt by each of us, first of all, by the state of our wallet.

This is because prices are rising, and salaries are not keeping up with the rise in price of life. ---0------

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