In the first quarter of this goal, the gross agricultural product in Azerbaijan amounted to AZN 300 million, which is 4.4% more than in the same period last year. In this case, the growth rate of crop production (+6.5%) outpaced indicator of animal products (+4.3%).
During this period, the production of meat in live weight was 104.6 thousand tons (+2.5%), milk - 394.5 thousand tons (+5.4%), eggs - 326.8 million (+14.3%).
Parallel growing is also livestock. As of 1st April 2013 in the household there were 2 721.8 thousand (+0.9%) bovine and 8 851.3 thousand (+0.7%) sheep and goats.
In the first three months were produced 10.8 thousand tons of vegetables, which is 13% more than in the comparable period of 2012. According to the State Customs Committee, in the first quarter of this year were exported from the country of fruits and vegetables for a total of $ 17.4 million, or 25.5% less than in the same period last year. The volume of imports of fruit and vegetables ($ 8.5 million) decreased 65%. In just the first three months of this year food was imported into the country for a total of $ 235.4 million, 9% less than the year before. - 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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