As of October 17, Azerbaijan gathered 38,893 tons of raw cotton, which is 16.1 thousand tons or 70% more than in the same period last year, the State Statistical Committee told Turan.
In connection with the ongoing rainy weather picking cotton is going slowly. It is expected that the harvest will grow after all the cotton harvesters purchased in the US enter the fields. Their delivery to the country has begun, Turan was told in the Ministry of Agriculture.
This year, cotton was planted on 52,057 hectares, 33,373 ha more than in 2015. In the past year 35.2 thousand tons of cotton were picked, 5.8 thousand tons less than in 2014.
The government expects to collect 100 thousand tons of cotton. However, everything will depend on weather conditions. ---08D
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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