During six months this year production of agrarian sector totaled about 2 billion AZN, up 10.4% against the same period in 2011.
A source from the State Statistical Committee told Turan that by July 1, 2012 production of crops totaled 1.6 million tons (+415,000 tons), vegetables – 315,000 tons (+2.7%), melons and gourds - 48,000 tons (+66.4%), fruit and berries – 72,000 tons (+14%). Production of potatoes totaled 246,000 tons and reduced by 7.7%. The tendency towards reduction of tea production has become irreversible. By July 1, 2012 277.7 tons of tea was collected, down 2.9% against the same period in 2011. The crop production increased by 17.5%.
The volume of cattle-breeding products increased by 5.5%. Meat production totaled 214,000 tons (+3.2%) and milk – 856,000 tons (+7.3%). Egg production decreased by 16% against the same period last year and totaled 600 million pieces.
According to the State Statistical Committee, by July 1, 2012 cattle totaled 2.7 million (+1.5%) and sheep and goats – 8,741,000 (+1.3%).—0--
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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