The Food and Agriculture Organization (FAO) of the United Nations with the assistance of the Ministry of Agriculture is working on the consolidation of small share of agricultural land.
According to the Ministry of Agriculture, the project consists of three components. It is envisaged to analyze and improve land legislation. In the second phase a national strategy will be developed for the consolidation of small agricultural producers. Already at the third and final stage will be a pilot project for the consolidation of agricultural land.
Land reform in Azerbaijan was carried out in 1995-1996, which resulted in the land ownership by more than 830 thousand families. Experts note that the process of creating farms in Azerbaijan has been slow, which leads to low productivity, increased the degree of poverty in rural areas.
In December 2015 the Parliament adopted in first reading the draft law On Agricultural Cooperation. The document provides for the adoption of incentives for the creation of cooperatives for agricultural production, storage, processing, lending, etc.
Since 2011, the Government also carries out a complex of measures on creation of private farms with the use of public lands. ----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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