Azerbaijan's Cocoon Production Faces Major Setbacks Despite State Program

In a move to enhance state support for agriculture and leasing activities within the agrarian sector, President Ilham Aliyev has issued a new decree amending the procedure for the use of funds managed by the Agrarian Credit and Development Agency under the Ministry of Agriculture.

In the first half of 2024, the consumer market in Baku demonstrated robust performance, with the total volume of products and services sold reaching 20.166 billion Manats. This figure represents a 5.2% increase compared to the same period in 2023, when adjusted for comparable prices.

Russian President Vladimir Putin is expected to visit Azerbaijan on August 19, according to recent Russian media reports. The anticipated visit follows the 22nd meeting of the Intergovernmental Commission (IGC) on Economic Cooperation between Azerbaijan and Russia, held in Baku on August 9, which was not covered by the media.

Russian online retailer Ozon has launched its operations in Azerbaijan, providing local residents with access to over 30 million products through its platform. According to company representatives speaking to TASS, the range includes electronics, beauty and health products, among other categories.