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 President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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