On June 6 the Cabinet of Ministers again considered the question of subsidies to agricultural producers for the cultivation acreage. According to the decision, in addition to grain and rice producers additional subsidy of 40 manats per cultivated hectare is granted to producers of tobacco and cotton.
In addition, agricultural producers, along with mineral fertilizers and herbicides, at discounted prices, i.e. with payment of 30% of the cost, will be marketed biological humus produced on an industrial basis.
The upper limit of the total amount of benefits applied on the value of sales of fertilizers and biological humus per hectare of area under crops and perennial plantations is established in the amount of 100 manats. Previously, this amount was 80 manats. The upper limit of the total amount of benefits applied on the value of pesticide sales is 10 manats.
Sale of herbicides at 70 per cent discount is suspended.
Note that since 2007 agricultural producers have been paid a subsidy in the amount of 50 manats per hectare of crops. --08D
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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