Within two months of this year, the volume of agricultural production in Azerbaijan made AZN 360 million, which is 4.3% more than in the same period of 2012.
According to the State Statistics Committee, in January-February this year it was produced and sold 69.3 thousand tons of meat in live weight (2.4%), milk - 255.8 thousand tons (4.8%), eggs - 214.6 million (+18.5%). The volume of production of vegetables (3,358 tons) from the beginning of the year increased 12%.
Over the past five years the government of Azerbaijan allocated into the development of agricultural production several hundred million manat in the form of soft loans and direct subsidies. However, experts argue that the potential of the sector can increase the production of crop and livestock production in at least two times. - 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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