The State Commission on Agricultural Subsidies decided to provide grants totaling 4 million 628.5 thousand manats to four selling organizations.
According to the Commission, the grants were received by the state-run Agroleasing, as well as by the private companies LLC MKT Istehsalat Kommersiya, Agroline Group and EKO Trade, which sold 5,019 subjects 9,837 tons of mineral fertilizers.
In addition, by decision of the Commission, for the sale of 15.9 tons of pesticides to 2,413 economic entities subsidies amounting to 347,300 manats were granted to the companies Agroleasing, Agrokimya, EMA, and Agrico.
Note that the amount of subsidy is 70% of the value of sales of fertilizers and pesticides. -----08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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