As of November 7 Azerbaijan picked 50.4 thousand tons of raw cotton, which is 20.4 thousand tons more than in the comparable period of 2015.
Cotton harvest continues in 23 regions. According to the Committee, the majority of harvested cotton accounted for the Agjabedi, Saatli, Sabirabad, Imishli and Bilasuvar regions. Cotton growers in these areas brought together 26.5 thousand tons of the harvest.
The Ministry of Agriculture believes all is not lost yet, and before the winter they can collect another 50,000 tons of cotton. The cotton pickers purchased by JSC Agroleasing gradually come into the fields.
This year cotton sowing was carried out on 52,057 hectares of land.
Many independent experts do not agree with the government's plans to expand the area under cotton in the next 2-3 years to 250,000 ha. According to them, plants more efficient economically could be grown instead. ---08D
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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