LLC Qarabag-Takhil started collecting wheat on two government-created large grain farms in the Agjabedi and Beylagan regions. Farms harvested from the fields on the average a yield of 55-60 quintals, which is implemented for the needs of the State Grain Fund, Turan was told by the press service of the Ministry of Economic Development.
Ltd. Qarabag-Takhil, which is a subsidiary of Devechi Broiler, was created with the financial support of the state exemplary farms. At the expense of public investment there were carried out comprehensive ameliorative measures on 4,800 hectares of land, built a concrete canal with length of 10.7 kilometers, as well as high voltage electricity cable. Investments amounted to 27.6 million manat.
MED, which is responsible for general management of the project, allocated a soft loan of AZN 10 mln for the creation of this enterprise.from the National Fund for Entrepreneurship Support. Under the grain farming an agricultural service was created and a granary with a capacity of 30 thousand tons is under construction. The land is irrigated by the modern system of artificial rain and agronomic work and harvesting are carried out with equipment and combines purchased in the U.S.
This year wheat is collected from 1,875 hectares and corn, sunflower and soybean are picked from 2,000 hectares. In autumn wheat will be sown on 4,800 hectares. - 08D -
Economics
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Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
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At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
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