President Ilham Aliyev signed an order on the state support of the development of tobacco growing on October 5. The document provides for the allocation of subsidies to producers of raw tobacco from the state budget.
The subsidy will be 0.05 AZN (5 gepiks) for each kilogram of dried tobacco and 10 kg of raw tobacco sold to processing companies.
Subsidies apply to tobacco manufactured this year. The Cabinet is ordered within two months to determine the rules for granting subsidies to tobacco growers.
Thus, special subsidies from the state budget will be received by producers of wheat, rice, cotton, tobacco, and silkworm cocoon.
According to the State Statistics Committee, in 2016 the area under tobacco plantations in Azerbaijan increased from 1,400 to 2,400 hectares. As of September 1st, 2,579 tons of raw tobacco was gathered, which is 7.6% more than in the same period of 2015.
In the first eight months of 2016, 1,193.6 tons of tobacco was fermented, which is 27.3% more than in the previous year.
In the first half of this year, Azerbaijan exported 1,324.6 tons of fermented tobacco. Revenues from the export amounted to 5,343,400 US dollars.
Tobacco is produced mainly in the Sheki-Zagatala and Masalli regions. Tobacco is processed mainly in the Zagatala tobacco factory. -----08D
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review