According to the resolution of the Cabinet of Ministers, the state subsidy provided to farmers to purchase mineral fertilizer cannot exceed 80 manats per 1 hectare of land fertilized. Before that, it amounted to 50 manats.
According to the current rules valid since 2007, 70% of the fertilizers purchased by the farmers are subsidized by the state. In other words, 70% of the cost of the fertilizers purchased by trading companies is financed by the state budget. Soil is fertilized, according to the norm, and in the case of exceeding the norm the farmer receives a subsidy not exceeding 80 manats per 1 ha.
The state-run Agroleasing JSC (one of the largest suppliers of mineral fertilizers) told Turan that this year two batches of nitrogen fertilizers were purchased (1,500 and 8,800 tons). Currently expected is the arrival of another 60 thousand tons of fertilizers. The cost of nitrogen fertilizer is 466 manats (including VAT). ----08B
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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