On Saturday was opened the annual fair of honey, which will last for a month, according to the Ministry of Agriculture. According to Deputy Minister Seyfaddin Talibov, it is supposed to sell approximately 93 tons of delicious products, of which 21.7 tons are the reserves last year. Weather conditions affected the productivity : in 2015 were produced 250 tons, this year- 71.7 tons. There is a shortage among the participants - of 323 people who applied to the organizers, only 52 were allowed to sales. The Deputy Minister noted, in this regard stricter quality requirements. "At the fair have been installed cameras in order to prevent possible attempts to sell low-quality honey," he said. The quality of products also depends on output - the Ministry refused the "services" of bees-Métis and intends to develop on the basis of the scope of the Turkish media purebred nectar the productivity of which more. According to Talibov, 100 such bees were bought in Turkey, and next year there will be at least 1,000. --17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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