The gross value of agricultural production in Azerbaijan in 2016 increased by 2.6%, according to the Ministry of Agriculture.
The volume of crop production rose by 2.5% over the year. The crop picked was 3 million 65.1 thousand tons of grain and leguminous plants with an average yield of 30.7 quintals / ha.
Potato production (902.4 thousand tons) increased by 7.5%, tobacco (3,598.2 tons) – by 3.8%, tea leaves – by 1,015 tons (75.4%), sugar beet (321.3 thousand. tons) – by 72.7%. Also picked were 88,596.9 tons of cotton, 2.5 times more than in 2015.
For other types of agricultural products the production declined. During the year, the crop was 1 million 296.3 thousand tons of vegetables (-0.5%), 464.6 thousand tons of melons (-4.1%), 883.7 thousand tons of fruits and berries (-0.5%), 134.5 thousand tons of grapes (-14.4%), and 17.1 thousand tons of sunflower (-9.3%). --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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