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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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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