Azerbaijani President Ilham Aliyev signed a decree approving the provisions of three structural units of the Ministry of Agriculture, which was formed this year after reorganization.
According to the provisions, the State Service for Agricultural Projects and Loan Management at the Ministry of Agriculture is the executive body for the assessment, financing, organization and execution of agricultural projects. The Service is also engaged in providing loans financed from the state budget through authorized credit organizations.
Another structure of the Ministry of Agriculture, State Inspectorate of Technical Supervision conducts state registration of agricultural machinery and the control of their technical condition and operation. According to the law "On State Duty," a stamp duty for that is 5 manat.
The State Service for Registration of Plant Varieties and Seed Control at the Ministry of Agriculture conducts the examination, testing, registration and protection of plant varieties and seed management and state control over the use of seeds. The Service provides a certificate of conformity of seed varieties and seed quality. ----09D
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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