Center for Artificial Insemination to Be Established in Nakhchivan
Economics
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Recent weather anomalies across various regions of Azerbaijan, including sudden temperature drops, torrential rains, hail, and snowfalls, have wreaked havoc on agricultural lands, prompting a surge in claims to the Agricultural Insurance Fund. The unexpected climate shift has affected a broad swath of farmland, damaging vital crops such as barley, wheat, cotton, as well as cherry orchards.
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In the bustling entrepreneurial environment of Baku, banking and logistics services are witnessing a significant uptick in demand, as evidenced by recent service utilization data from the Baku SME House. In the first quarter of this year, a noteworthy 9.72% of the 80,349 services provided to business entities were facilitated by private institutions, underscoring a robust preference for "B2B" (business-to-business) interactions.
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The Asian Development Bank (ADB) is poised to deepen its involvement in Azerbaijan's transport sector, with a sharp focus on decarbonization and infrastructural modernization, according to Evgeny Zhukov, the ADB's Director General for Central and West Asia. In a recent interaction with local media, Zhukov highlighted several initiatives, including the electrification of the North-South railway, designed to reduce greenhouse gas emissions and enhance transport efficiency.
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Azerbaijan Airlines (AZAL), the national flag carrier of Azerbaijan, has significantly expanded its summer flight program, now covering 60 destinations worldwide. This development marks a notable increase from the previous years, reflecting the airline's strategic growth initiatives.
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