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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This year, Azerbaijan has experienced a significant increase in passenger traffic: from January to November, 3,230,224 travelers arrived from 41 countries, marking a 32.9% increase compared to the same period last year. This growth, reported by the State Tourism Agency, underscores the country’s rising prominence as a regional tourism hub, particularly against the backdrop of ongoing restrictions on crossing land borders.
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The Azerbaijani government anticipates fluctuations in the production of propylene, a key raw material for plastics and related products, in the coming years. According to the country's socio-economic development forecasts for 2025-2028, production levels are expected to vary, reflecting the complexity of the chemical sector and its links to broader energy markets.
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Kazakhstan has achieved significant growth along the Trans-Caspian International Transport Route (TITR), with cargo volumes increasing by 68% and container shipments soaring 2.7 times during the first 10 months of 2024. These figures, announced by Kazakhstan's Minister of Transport Marat Kabaev during a regional development meeting in the Mangystau region, highlight the crucial role of the Middle Corridor in connecting China with Europe.
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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.
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