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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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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