In the first quarter of this year Minsk Tractor Works sent to Azerbaijan 272 wheeled tractors, which are sold here at approximately two-fold the factory prices.
According to the National Statistics Committee of Belarus, the total amount of purchases of tractors from Azerbaijan totaled $ 5 million 50.1 thousand, or $ 18,567 per unit technology. The Azerbaijan Customs in January-March this year passed 266 tractors Belarus, which had been registered for $ 21,863 per unit. State JSC Agroleasing offers (http://agrolizing.gov.az/upload/t.texnika.pdf) this machinery to farmers for 35,700 manats. Note that according to the decisions of the government, at the purchase of equipment on leasing, farmers have to pay a deposit of 20% of its value. Further, 40% of the initial value of agricultural machinery is paid by the state and the famer for several years pays to JSC Agroleasing.
In 2013, Azerbaijan purchased in Belarus 1,168 wheel tractors worth $ 24 million 247.4 thousand. In 2014 it purchased 1,028 ($ 27 235.7 thousand).
The procurement of Belarusian tractor is arranged by Ganja Automobile Plant, where their assembly is carried out. Next Ganja Plant transmits the machinery to Agroleasing JSC for sale to farmers on leasing. 08B
Economics
-
On December 9, Azerbaijani President Ilham Aliyev signed a decree approving the protocol of amendments to the Agreement on Strategic Partnership for the Development and Transmission of Green Energy. The agreement, involving Azerbaijan, Georgia, Romania, and Hungary, aims to strengthen cooperation in sustainable energy across the region.
-
Recently, Azerbaijani Minister of Economy Mikayil Jabbarov held a series of high-level meetings in Riyadh aimed at strengthening bilateral relations. Discussions focused on expanding economic cooperation and advancing shared goals in renewable energy and sustainable development, as both countries pursue ambitious economic diversification plans.
-
S&P Global Ratings has reaffirmed Azerbaijan's long-term and short-term sovereign credit ratings at "BB+/B" with a stable outlook, citing robust fiscal and external reserves that provide a buffer against economic shocks.
-
The Azerbaijani government, in its socio-economic development forecast for 2025–2028, has outlined expectations for methanol (methyl alcohol) production, indicating a continued decline following the peak reached in 2022.
Leave a review