President of Azerbaijan on July 4 ordered the allocation to state-run Agroleasing JSC AZN 15 million for the purchase of combine harvesters.
The paper noted that the funds are allocated to meet this year's needs of agricultural producers engaged in grain growing, although this is unlikely, since the active phase of the harvest being completed.
In the years 2005-2012 Agroleasing procured by public funds and grants from the Government of Japan in 1033 combine harvesters. This year, the field came in 1724 combine harvester. Prior to the beginning of this year from the state budget and other sources Agroleasing was granted 370.6 million manat, including for the procurement of combines. - 08D -
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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