Azerbaijan purchases 6,000 units of agricultural machinery abroad, 5% of which has already been delivered to the supply base of the state JSC Agroleasing, the press service of the Ministry of Agriculture informs.
Since the beginning of the year, 115 tractors and 973 units of various equipment intended for growing cotton and sugar beets have been purchased and handed over to agricultural producers for leasing.
The purchase of agricultural machinery is carried out on the basis of the needs of cotton companies for the production of cotton. Purchase of 150 cotton harvesters, 1,270 tractors and 4182 units of other equipment is envisaged. The assembly and production of some types of agricultural machinery is carried out in the Ganja Automobile Plant, as well as the Azerbaijan-Turkish JV Kaspi-Yildiz with the participation of the Research Institute of Agricultural Mechanics of the Ministry of Agriculture. ---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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