If the Azerbaijani entrepreneurs need to build a food processing companies, or to consult on this issue, they can apply by e-mail ahuseynov@azpromo.az and phone number (99412) 5980147/8 (extension 112).
Local experts will connect businesses with representatives from India, who have international experience in the construction, commissioning and operation of plants for the processing of potatoes, apples, and their masses, as well as for the production of tomato paste and juice, mineral water.
Azpromo was established by the Ministry of Economic Development (MED) in 2003.
Initially, the fund was engaged in consultation on investment issues.
In August 2005, the fund was enhanced and is also engaged in the promotion of exports. - 17D -
Economics
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The management of the Baku Metro often announces projects for new underground lines and stations, but official information never includes data on the cost of laying a kilometer of track or building specific metro stations. Journalists sometimes obtain details from unofficial sources, raising doubts about the reliability of such information. For instance, in 2021, an unofficial government source reported a cost of 60 million manats for planned construction of a single station on the Purple Line. This figure excluded finishing works, installation of communication lines, electronics, escalators, and elevators.
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The Milli Majlis (Parliament) of Azerbaijan began discussions on Monday regarding the draft state budget for 2025, which projects expenditures of AZN 41.368 billion.
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Azerbaijan’s livestock sector has demonstrated modest growth in domestic production, yet it faces significant challenges as imports of meat and dairy products surge. Recent data from the State Statistics Committee underscores this dichotomy, revealing increases in local output but an even sharper rise in imports, accompanied by persistent price inflation.
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Azerbaijan's agricultural sector faces a critical moment as modest growth in grain production fails to offset a troubling decline in productivity. Data from the State Statistics Committee shows that total grain and legume production grew by 0.7% year-on-year, reaching 3.2 million tons by November 1, 2024. However, this growth is overshadowed by a sharp 6.2% drop in yield, highlighting structural inefficiencies in the sector.
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