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
-
Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
-
On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
-
During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
-
At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
Leave a review