At the end of December 2012 the area under winter cereals and fodder crops amounted to 1 million 079 thousand hectares, which is 39,000 or 3.8% more than in the previous year.
According to the State Statistics Committee, the share of wheat is 690.4 thsd hectares of farmland. This is 0.2% higher than at the end of 2011. The areas sown for barley (307,000 ha) increased by 14.8%. This is due to the increasing demand of livestock and poultry.
The Azerbaijani government stimulates the production of grain. For every hectare cultivated the farmers get 80 manats. This year, to ensure the secure supply of food, the government will allocate 125 million manats from the state budget. - 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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