Baku hosts International Exhibition of Agriculture and Food Industry
Today in Baku started two international exhibition of agriculture and the food industry - World Food Azerbaijan and Agrihort Azerbaijan.
Speaking at the opening, the agriculture minister Heydar Asadov said that their work involved more than 240 companies from 36 countries.
According to him, the incentive interest of foreign participants was the introduction of modern technologies in the agribusiness sector, which led to total self-sufficiency of the republic for a number of agricultural products.
International exhibitions allow potential foreign customers become more familiar with the benefits of local organic products, as well as reduced investment climate for large partners, he said.
According to experts, the potential of the local agricultural sector is not developed even a quarter. The reason for this exaggerated intervention of officials, in the absence of conditions for lending to small and medium-sized farms in the dominance of bureaucratic monopoly and, above all, in the absence of institutional reforms and systematic approach to problem solving.
The agro-industrial complex involves approximately 1,208,000 villagers, most of whom have difficulty processing allotments. Problems with irrigation in remote sites, ensuring chemicals and fertilizers in crop, pasture and reproductive purebred cattle breeding, a number of other obstacles do not allow developing this segment of the economy. Numerous decrees and orders of the President on the background of disinterest of the mass producer remain letters on paper. - 17D-
Economics
-
Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
-
Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
-
Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
-
Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
Leave a review