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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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