In 2016, imports of wheat reached a record high - about 1.6 million tons, increasing by 18.2%, according to the State Customs Committee..
To purchase wheat exporters were paid $ 296.8 million, 0.6% less than in the previous year. A ton of wheat was purchased at the price of $ 184.4 per ton, $ 34.9 or 16% less than in 2015.
According to the Ministry of Agriculture, last year the volume of wheat production in Azerbaijan amounted to 1 million 844 thousand tons, which is 10% higher than in 2015. Independent experts say the government artificially inflates grain production figures. In their view, the share of local wheat in the bread-baking industry is negligible. 08B
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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