Today the Ministry of Agriculture is organizing an all-republican meeting on "excellent, timely and accurate performance of agricultural activities on the areas intended for planting cotton" in the Sabirabad region.
As Turan was told in the press service of the Ministry of Agriculture, this year's crop of cotton is expected to come from 120 thousand hectares in 27 districts of the country. It is about 70 thousand hectares more than in 2016.
Last year, Azerbaijan gathered 87.2 thousand tons of cotton, up to 50,000 tons more than in 2015.
The government considers the development of cotton growing as one of the employment opportunities in rural areas, as well as foreign exchange earnings due to the sale in the form of raw materials and processing of cotton products. This year the state budget will be allocated 300 million manat to support the production of cotton – for the implementation of reclamation work, procurement of cotton harvesters, etc.
In 2016 the government abolished subsidies for cotton seeds in the amount of 90 manat. A specific subsidy has been established - 10 gepiks for each kg of raw cotton given to a ginnery. ---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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