Kits and equipment for irrigation systems are included in the list of goods provided by state-run JSC Agroleasing on lease on a preferential basis. This decision was made by the Cabinet on August 4.
According to the decision, 40% preferential payment is used for the set of equipment for irrigation systems if a natural or legal person has paid 20% of the purchase or lease.
JSC Agroleasing leases out various technological kits (fodder, dairies, poultry farms, greenhouses, cold storage, etc.) for a long term to farmers and legal entities. Since 2005, more than 150 units of technical equipment have been purchased and provided. - 08D -
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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