In the first quarter of this year, the total agricultural product in Azerbaijan amounted to 629.3 million manat that in stable prices was by 3.4% more than in the same period last year, the State Statistics Committee said. The share of agriculture in GDP increased from 2.4% to 3%.
Livestock production increased 5.9% in January - March. The output amounted to about 110,000 tons of meat in live weight (+ 2.5%), 426.9 thousand tons of milk (+ 4.3%) and 390.1 million eggs (+ 5.1%).
As of April 1 of this year, cattle population exceeded 2.7 million head (+ 0.2%), sheep and goats - 8.7 million head (+1.6%).
Credit infusion has a positive impact on the performance of poultry farms. In the first quarter of this year they produced 16.6 thousand tons of meat in live weight (+ 5%) and 176.3 million eggs (+ 8.6%). ----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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