Azerbaijani President Ilham Aliyev on June 4 ordered the allocation to state-run Agroleasing of AZN 15 million for the purchase of combine harvesters. A similar document was adopted on July 4 last year.
The active phase of grain harvest begins in Azerbaijan from June 15. Therefore unlikely to purchase harvesting equipment by this time taking into account the required tender procedures.
According to the report JSC last year to purchase 2,854 units of agricultural machinery was spent 58.32 million manat. This year, the Ministry of Agriculture planned to procure combine harvesters brands CLASS Dominator- 130 (Germany) - 100 units, New Holland TC- 5050 (Belgium) - 100 units and Sampo 2045 (Finland) - 250 units.
In the years 2005-2013 was purchased 17,300 units of equipment worth 274.45 million manat. Of these, 11,542 units (total cost of 157.57 million manat) were granted on lease or sold 6,591 individuals and legal entities. The rest is on the operation of agricultural machinery service in 53 branches of JSC Agroleasing.
In 2014, excluding the Reserve Fund of the President of AR in the state budget from the state budget directly the corporation received 35 million manat.
State since 2004 financed the purchase of agricultural machinery and the establishment of its service points. Procured equipment is available in the lease for 10 years with the condition down payment of 20% of the cost.
JSC Agroleasing was founded in 2004 with a 100% equity interest of the state. Since 2009, it is subordinate to the Ministry of Agriculture. - 08D-
Economics
-
Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
-
The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
-
Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
-
Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
Leave a review